Strategy Acquires 705 BTC for $75 Million, Total Holdings Reach 580,955 BTC
Strategy (MSTR) has acquired an additional 705 BTC for approximately $75 million, increasing its total bitcoin holdings to 580,955 BTC.
Key details:
- Average purchase price for the latest acquisition: $106,495 per BTC
- Adjusted overall average purchase price: $70,023 per BTC
- Funding sources: ATM equity offerings from perpetual preferred share classes STRK and STRF
- Capital raised between May 26 and June 1: $36.2 million from 353,511 shares of STRK and $38.4 million from 374,968 shares of STRF
- Current market valuation of total bitcoin holdings: approximately $60 billion at $104,000 per BTC
This reinforces Strategy's status as the largest corporate holder of bitcoin, emphasizing its commitment to bitcoin as a core treasury asset.