Strategy Acquires Additional 705 BTC for $75.1 Million

Strategy, previously known as MicroStrategy and led by Michael Saylor, has acquired an additional 705 BTC from May 26 to June 1. This purchase increases its total holdings to 580,955 BTC.

Key Details of the Acquisition

  • The acquisition cost $75.1 million, averaging about $106,495 per Bitcoin.
  • Overall investments in Bitcoin now total approximately $40.68 billion, with an average buy price of $70,023 per token.
  • Following the announcement, Strategy's stock (MSTR) rose 0.9% to $372.72.
  • This purchase marks the eighth consecutive week of acquiring Bitcoin amid market uncertainty.

Arkham Intelligence reports that Strategy's actual holdings might be nearly 625,000 BTC, valued at around $59.92 billion. They tracked 97% of Saylor’s holdings, noting that 87.5% of reported assets are in Bitcoin, with some held in Fidelity Digital's custody.

Previously identified were over 107,000 BTC sent to Fidelity deposits, not listed under Strategy due to custody practices. In total, more than 327,000 BTC are managed within the company, reinforcing its significant role in the crypto market.