Strategy buys 1,550 Bitcoin after controversial 32 BTC sale
Strategy resumed Bitcoin buying by purchasing 1,550 BTC for $101.3 million, bringing its total holdings to 845,256 BTC after last week’s controversial sale.
Strategy purchased 1,550 Bitcoin for approximately $101.3 million last week, bringing its total holdings to 845,256 BTC.
The company paid an average price of $65,332 per Bitcoin for the purchase, according to a Monday 8-K filing with the US Securities and Exchange Commission. Strategy’s aggregate Bitcoin holdings were acquired at an average price of $75,680 per BTC, for a total cost of about $63.97 billion.
The latest acquisition was funded using proceeds from sales of Class A common stock through the company’s at-the-market offering program. According to the filing, Strategy generated $181 million in net proceeds from those stock sales during the first week of June.