‘Think even bigger’: Michael Saylor’s Strategy buys 34,164 bitcoin for $2.5 billion as total holdings top 800,000 BTC
Summary
Strategy has bolstered its bitcoin reserves by purchasing an additional 34,164 BTC for approximately $2.54 billion between April 13 and April 19. This acquisition, funded through the sale of company stock and preferred shares, brings the firm's total holdings to 815,061 BTC, which represents more than 3.8% of the total fixed supply of bitcoin. Executive chairman Michael Saylor continues to drive an aggressive capital-raising strategy, aiming to raise $84 billion for ongoing acquisitions through 2027.
(Source:The Block)