‘Even more orange’: Strategy buys 1,665 bitcoin for $143 million as total holdings reach 847,666 BTC
Strategy's total holdings account for around 4% of the 21 million bitcoin supply cap — worth roughly $70 billion.
1. Strategy, a company led by Michael Saylor, acquired 1,665 Bitcoin for $142.7 million last week, increasing its total Bitcoin holdings to 847,666 BTC.
2. The Bitcoin purchases were funded by the proceeds from selling 1.47 million shares of MSTR stock, which generated $246.2 million in net proceeds.
3. In addition to the Bitcoin purchases, Strategy also repurchased 1.53 million shares of STRC preferred stock for $151.7 million, using $48.1 million from its US dollar cash holdings.
4. Strategy's average price per Bitcoin during the purchases was $85,681, with the company spending a total of $63.95 billion on its holdings, including fees and expenses.
5. The company's "USD Cash" balance decreased to $1 billion from $1.05 billion after using $48.1 million for STRC repurchases, while its US dollar reserve for preferred stock dividends and debt interest fell to $5.02 billion from $5.04 billion after $22.1 million in dividend payments.
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- Strategy buys 1,665 Bitcoin for $143M as BTC stack hits 847,666 cointelegraph.com
