Strategy buys 3,015 Bitcoin more at $67,700
Strategy purchased 3,015 more Bitcoin for $204 million, increasing its total holdings to 720,737 coins.Summary
The enterprise software firm Strategy, the world's largest corporate Bitcoin holder, announced the acquisition of 3,015 BTC for $204 million between February 23 and March 1, at an average cost of $67,700 per coin. This purchase brings their total reserves to 720,737 coins, valued at over $47 billion. However, with an aggregate cost basis of approximately $75,985 per coin, the company currently faces an estimated unrealized loss of $7.2 billion as Bitcoin trades below this level. The acquisition was funded by selling 1.7 million shares of Class A common stock and issuing preferred stock. Separately, Strategy raised the annual dividend rate on its STRC preferred shares to 11.5% and declared quarterly dividends across its other preferred instruments.
(Source：Crypto Briefing)