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Strategy Buys Another $258.8M in Bitcoin, Holding Now Over 2.5% of Total Supply

Strategy Buys Another $258.8M in Bitcoin, Holding Now Over 2.5% of Total Supply
© Copyright Image: Coindoo

According to a Monday filing with the U.S. Securities and Exchange Commission (SEC), the firm purchased an additional 3,459 BTC between April 7 and April 13 for a total of $258.8 million, averaging $82,618 per token.

This brings Strategys total holdings to 531,644 BTC, worth over $45 billion at current prices. The companys average purchase price sits at $67,556 per coin, amounting to a total investment of roughly $35.9 billion, including fees and expenses.

Thats more than 2.5% of BTCs total 21 million supply.

No Tariffs on Orange Dots

Strategy co-founder and executive chairman Michael Saylor teased the move over the weekend on social media, updating the companys BTC tracker and posting, No tariffs on orange dots, a reference to Bitcoins price chart and recent global trade tensions.

The acquisition comes amid renewed bullish momentum for Bitcoin, which rebounded above $84,000 following President Trumps tariff pause announcement. The move also signals continued institutional confidence in Bitcoins long-term trajectory, especially as Strategy continues to aggressively accumulate and hold a historically large portion of the total BTC supply.

Funded by Stock Sales

The latest BTC acquisition was funded through the sale of 959,712 shares of Strategys class A common stock ($MSTR), generating approximately $285.7 million in proceeds.

As of April 14, Strategy still has $2.08 billion worth of $MSTR shares available for future issuance under the current offering program. No shares of Strategys preferred stocks, $STRK or $STRF, were sold last week. However, the firm retains $20.97 billion worth of $STRK shares available to fund future bitcoin purchases.

The firms bold approach is part of its long-term 21/21 plan, which outlines a goal to raise $42 billion via equity and fixed-income securities to acquire BTC as a strategic reserve asset.

The post Strategy Buys Another $258.8M in Bitcoin, Holding Now Over 2.5% of Total Supply appeared first on Coindoo.

Read more: https://coindoo.com/strategy-buys-another-258-8m-in-bitcoin-holding-now-over-2-5-of-total-supply/

Text source: Coindoo

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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