Strategy’s $258 Million Bitcoin Purchase Expands Holdings to Over 2.5% of Supply

Bitcoin investment company Strategy (formerly MicroStrategy) has acquired 3,459 BTC between April 7th and April 13th at an average price of $82,618. This latest acquisition, totaling approximately $258.8 million, brings their total Bitcoin holdings to 531,644, representing over 2.5% of the entire Bitcoin supply. The purchase was financed by selling 959,712 MSTR shares worth roughly $285.7 million. While a sale event for STRK shares did not occur last week, Strategy still holds authorization to sell up to $2.08 billion in MSTR shares. 21/21 capital increase plan by the company aims to acquire Bitcoin with a total of $42 billion worth of share and bond issuance.