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Strategy has achieved a remarkable milestone by acquiring over 601,550 Bitcoin, surpassing the 600,000 BTC mark. This significant development comes after a brief pause in buying, signaling a renewed commitment to accumulating more digital assets.
According to recent SEC disclosure, Strategy purchased approximately $472 million worth of Bitcoin between July 7 and 13, adding 4,225 new coins to its portfolio at an average price of $111,827 per coin, including fees. This latest acquisition brings the company’s total holdings to a staggering 601,550 BTC.
Notably, Strategy continued to fund these purchases through ongoing stock sales. In the same period, it sold over 797,000 shares of MSTR for nearly $331 million, alongside significant sales of STRK, STRF, and STRD preferred stocks, totaling over $141 million. These transactions are part of a broader fundraising program, allowing Strategy to maintain its strong financing capacity for future purchases.
The company’s ability to continue acquiring Bitcoin despite previous stock performance is a testament to the resilience and flexibility of its financial strategy. Under existing stock issuance plans, Strategy still has billions of dollars’ worth of shares authorized for sale, leaving room for further expansion.
As a result, Strategy’s shares (MSTR) closed 3% higher last Friday and were trading slightly higher in pre-market activity on Monday morning, according to Yahoo Finance.
Source: cryptobriefing.com
