Strategy Increases Bitcoin Holdings to 638,460 BTC with $271 Million Purchase
Strategy Inc. has increased its Bitcoin holdings to 638,460 BTC following a recent acquisition of 1,955 BTC. The purchase was valued at $271 million, with each BTC acquired at an average price of $111,196.
- Current Bitcoin price is approximately $111,959.15, reflecting a 0.74% increase over the last 24 hours.
- The total value of Strategy's Bitcoin holdings is around $71.5 billion.
- Average purchase price for BTC now stands at $73,880.
- Strategy purchased 4,048 BTC between August 26 and September 1 for about $449.3 million at an average price of $110,981.
- Funding for acquisitions came from sales of various common and preferred stock.
Despite being rejected from joining the S&P 500 on September 5, Strategy continues its aggressive Bitcoin purchasing strategy. Michael Saylor highlighted that MSTR shares have outperformed S&P 500 and Bitcoin since the company’s focus on Bitcoin reserves.
- MSTR shares rose 92%, while S&P 500 is up 14% and Bitcoin shows 55% annualized growth.