Strategy Acquires $60M Bitcoin, Total Holdings Exceed 638,000 BTC

Strategy, previously MicroStrategy, acquired BTC, purchasing 525 BTC for $60.2 million between September 8-14.
The average purchase price was $114,562 per Bitcoin.
The company now holds 638,985 BTC, representing over 3% of Bitcoin's total supply, with a total purchase cost of $47.2 billion and an unrealized profit of about $26 billion at current prices.
This acquisition was funded through perpetual preferred stock programs, part of their “42/42” capital plan. Co-founder Michael Saylor emphasized the significance of Bitcoin.
Previously, Strategy bought 1,955 BTC for $217 million last week.
Despite market volatility and exclusion from the S&P 500, Strategy continues to grow its Bitcoin holdings.
Over 170 public companies employ some form of Bitcoin treasury strategy, with Strategy being the largest, prepared for potential bear markets.