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Strategy has recently made significant progress in its Bitcoin holdings, reaching the impressive milestone of 601,550 BTC. The company’s most recent purchase, which occurred between July 7 and 13, consisted of 4,225 additional coins, acquired at an average price of $111,827 per coin, including fees.
The acquisition was successfully funded through a series of ongoing stock sales. Strategy sold over 797,000 shares of MSTR for nearly $331 million, as well as shares of STRK, STRF, and STRD preferred stocks, adding to its treasury and supporting the company’s Bitcoin strategy.
It is worth noting that these sales are part of a broader fundraising program, which has already seen billions of dollars’ worth of authorized shares available for sale. The recent stock activity appears to be part of Strategy’s plan to bolster its capital reserves and continue financing its digital asset purchases.
Despite the significant milestone, it remains to be seen whether this accumulation will lead to any notable shifts in the broader cryptocurrency market or influence investor sentiment.
Source: cryptobriefing.com
