Strategy, the company led by Michael Saylor, has recently acquired 130 Bitcoin (BTC) for $10.7 million between March 10 and March 16. The purchase was made at an average price of approximately $82,981 per coin.
With this latest acquisition, Strategy’s total Bitcoin holdings now stand at 499,226 BTC, valued at around $33.1 billion.
This purchase marks the company’s smallest Bitcoin acquisition since its initial investment in August 2020. Despite Bitcoin’s current price stagnation, Strategy continues to demonstrate long-term confidence in the cryptocurrency by steadily increasing its holdings.
The funding for this purchase came from the sale of preferred stock, allowing the company to avoid dilution of common shares and maintain existing shareholder voting power.
Source: Akademi Crypto
