Strategy Increases Bitcoin Reserves with 130 BTC Acquisition
Strategy, previously known as MicroStrategy, has recently added 130 BTC to its Bitcoin reserves through a new acquisition. The company disclosed this purchase in a filing with the US Securities and Exchange Commission (SEC) on March 17.
Details of the Acquisition
- The company spent $10.7 million on the acquisition.
- The average price per coin was $82,981.
- The purchase took place between March 10 and March 16.
Recent Trends
Data from CryptoQuant shows that this is Strategy’s first Bitcoin acquisition in March. It is also one of the smallest acquisitions, with only 122 BTC added in April 2024 being lower in size. This contrasts with the company’s previous large-scale billion-dollar acquisitions.
Current Holdings and Funding
Strategy now holds a total of 499,226 BTC, valued at over $41 billion. The company’s average purchase price for Bitcoin stands at $66,360 per BTC, with a total investment of $33.1 billion.
The $10.7 million for the recent acquisition was generated by selling 123,000 shares of its Series A perpetual preferred stock (STRK Shares).
Future Plans
This acquisition comes on the heels of Strategy’s announcement to raise $21 billion through the issuance of Class A strike preferred stock.
