Strategy’s Bitcoin Expansion: A Financial Masterstroke or Just Hype?

Michael Saylor-founded Strategy has recently bolstered its bitcoin reserves by acquiring an additional 155 bitcoins at a cost of approximately $18 million, bringing the total to over 628,946. This latest acquisition has analysts wondering if it represents a savvy financial move or just another flash in the pan. The company secured financing for this purchase through preferred stock programs like STRF and STRC, despite recent sales of these stocks. With an average procurement cost of $73,288 per bitcoin, this move puts Strategy’s investment at approximately $76 billion with a significant unrealized gain of roughly $30 billion. 151 publicly listed companies have followed suit in acquiring substantial bitcoin holdings. Some notable names include MARA, Twenty One, and the Bitcoin Standard Treasury Company.