Strategy (MSTR) Spends $1.28 Billion to Buy More Bitcoin, Holdings Reach 738,731 BTC
Strategy purchased 17,994 more Bitcoin for $1.28 billion, increasing its total holdings to 738,731 BTC.Summary
Strategy, the bitcoin treasury company led by Michael Saylor, acquired an additional 17,994 Bitcoin for approximately $1.28 billion between March 2 and March 8, at an average price of $70,946 per coin. This acquisition brings Strategy's total Bitcoin holdings to 738,731 BTC, making it the largest corporate holder of the asset, representing over 3.4% of the fixed 21 million supply.
The company has now spent about $56.04 billion in total to accumulate its Bitcoin, with an average purchase price of $75,862 per coin. The recent purchases were financed through equity sales, including approximately $899.5 million from selling Class A common stock and $377.1 million from selling perpetual preferred stock (STRC).
These actions align with Strategy's long-term capital plan, which aims to raise $84 billion by 2027 through equity offerings to fund continuous Bitcoin accumulation.
(Source：Bitcoin Magazine)