Strategy Acquires 21,021 Bitcoin, Total Holdings Reach 628,791 Coins

Michael Saylor’s company, Strategy, has acquired $2.46 billion in Bitcoin (BTC), increasing its total holdings to 628,791 coins, valued at over $71 billion. This acquisition marks the third largest by dollar amount since it began purchasing Bitcoin five years ago.

Key Details

21,021 BTC purchased between July 28 and August 3
Average purchase price was $117,526 per token
Strategy is the largest corporate holder of Bitcoin; MARA Holdings follows with 50,000 coins
Recent unrealized gain of $14 billion reported for Q2, linked to Bitcoin price recovery
Saylor commits to not issuing new common shares below 2.5 times net asset value, except for debt interest or preferred dividends
Since entering the Bitcoin market, Strategy's stock (MSTR) has surged over 3,000%

Saylor’s strategy involves funding acquisitions through share sales and debt instruments. The firm previously made significant purchases totaling $5.4 billion and $4.6 billion in November. There have been no recent disclosures on further purchases, indicating a potential reassessment of acquisition strategies.