Strategy Invests Another $1.3 Billion in Bitcoin

Investment giant Strategy has made another substantial investment in Bitcoin, purchasing an additional 13,390 BTC for around $1.34 billion. This latest move brings their total Bitcoin holdings to nearly 569,000 BTC, valued at over $59 billion based on current market prices of roughly $104,000 per coin. The average cost of Strategy’s Bitcoin holdings has risen to $69,287 per BTC. 💰 📊 This major acquisition was funded through two sources: a $1.31 billion raise achieved through an at-the-market offering from May 5th to May 11th and the issuance of 273,987 Series STRK preferred shares for support. The investment aligns with Strategy’s commitment to a crypto-focused vision, following closely after their annual Strategy Conference.