‘There’s always room for more orange’: Michael Saylor’s Strategy scoops up another 250 bitcoin for $21.5 million as holdings reach 848,250 BTC
Strategy's total holdings account for around 4% of the 21 million bitcoin supply cap — worth roughly $71 billion.
Michael Saylor's Strategy reported that its Bitcoin holdings reached 848,250 BTC after acquiring an additional 250 BTC last week. The company spent $21.5 million on the purchase, funded partially through the sale of common stock and the remainder using existing cash reserves. Strategy maintained a $4.88 billion cash reserve to support preferred stock dividends and debt interest payments, with a separate USD Cash balance of $640.5 million.
In a message on Sunday, Saylor expressed his continued support for Bitcoin, stating, "There's always room for more orange." The company's Bitcoin accumulation has slowed in recent months, with holdings increasing by just 0.2% during the third quarter.
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- Strategy adds 250 Bitcoin as holdings reach 848,250 BTC cointelegraph.com
- Strategy purchases 250 bitcoin; holdings reach 848,250 BTC seekingalpha.com
