Strategy Boosts Bitcoin Holdings With $2B Purchase
Summary
Michael Saylor’s Strategy recently expanded its Bitcoin portfolio by purchasing 24,869 BTC for approximately $2.01 billion, with an average acquisition price of $80,985 per coin. This massive investment, primarily funded through the sale of perpetual preferred stock, brings the firm’s total holdings to 843,738 BTC, valued at roughly $65.3 billion. Strategy currently maintains a larger Bitcoin position than major institutional players like BlackRock, reinforcing its role as the world’s largest corporate Bitcoin holder.
(Source:Cointelegraph)