‘The second century begins’: Michael Saylor’s Strategy buys another 17,994 bitcoin for $1.3 billion as holdings reach 738,731 BTC
The Block
Strategy acquired 17,994 more BTC for $1.28 billion, bringing its total holdings to 738,731 BTC, according to an SEC filing.Summary
Strategy, led by executive chairman Michael Saylor, purchased an additional 17,994 Bitcoin for approximately $1.28 billion between March 2 and March 8, bringing its total holdings to 738,731 BTC. This massive holding, bought at an average cost of $75,862 per coin, represents over 3.4% of Bitcoin's fixed supply and is currently valued at around $49 billion, though it sits on roughly $7 billion in mark-to-market losses. The recent purchases were funded using proceeds from at-the-market sales of its various preferred and common stock programs. Saylor marked the occasion by stating, "The second century begins," referencing the company's milestone of over 100 sets of Bitcoin acquisitions.
(Source：The Block)