Strategy adds 267 bitcoin in $22 million purchase
Strategy, the bitcoin treasury company chaired by Michael Saylor, has acquired another 267 bitcoin for approximately $22.1 million, taking its holdings to 848,517 coins as it continues buying the cryptocurrency despite pressure on its shares. The latest acquisition, disclosed on Monday, 19 October, represents an average expenditure of roughly $82,800 per bitcoin. Strategy’s cumulative holdings…
Strategy, led by Michael Saylor, has increased its bitcoin holdings by acquiring an additional 267 coins for roughly $22.1 million, bringing its total to 848,517 coins. This latest purchase, disclosed on October 19th, amounted to an average cost of about $82,800 per bitcoin. Cumulatively, Strategy's investments in bitcoin have totaled approximately $64.02 billion, including transaction costs, with an average price of around $75,446 per coin.
The recent acquisition follows a similar purchase of 250 bitcoin for $21.5 million the week prior, which had an average price of $86,194 per coin. The new buy-in now accounts for slightly over 4% of bitcoin's maximum supply of 21 million coins. The company's holdings are valued using both acquisition costs and market valuations, reflecting its capital management strategy that combines bitcoin accumulation with equity issuance and cash reserves.
The acquisition comes amid concerns over Strategy's eligibility for certain equity indices, which could impact its ability to raise capital efficiently.
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