‘The beat goes on’: Michael Saylor’s Strategy adds 3,273 bitcoin for $255 million as holdings reach 818,334 BTC
Strategy acquired 3,273 BTC for $255 million, increasing its total holdings to 818,334 BTC.Summary
Bitcoin treasury company Strategy has acquired an additional 3,273 BTC for approximately $255 million, at an average price of $77,906 per bitcoin, between April 20 and April 26. This purchase brings Strategy's total bitcoin holdings to 818,334 BTC, valued at around $63.7 billion, acquired at an average price of $75,537 per bitcoin. The acquisitions were funded by proceeds from at-the-market sales of its Class A common stock (MSTR). Strategy's ongoing capital raise plans, including various preferred stock programs and a "42/42" plan targeting $84 billion, are designed to facilitate further bitcoin acquisitions through 2027. Michael Saylor, co-founder and executive chairman, hinted at the acquisition with the phrase "The beat goes on," following a significant purchase the previous week. Despite market fluctuations, Strategy's stock saw a 10.6% gain last week, outperforming bitcoin's 4.6% rise.
(Source：The Block)