Strategy Acquires 6,220 BTC, Boosting Bitcoin Holdings to 607,770 Coins Worth $72 Billion
Main Idea
Strategy has acquired an additional 6,220 BTC, increasing its total Bitcoin holdings to 607,770 coins, with significant unrealized gains.
Key Points
1. Strategy purchased 6,220 BTC last week, investing approximately $739.8 million at an average price of $118,940 per Bitcoin.
2. The firm's total Bitcoin holdings now stand at 607,770 BTC, with a cumulative purchase cost of around $43.61 billion and an average acquisition price of $71,756 per coin.
3. At current market valuations, Strategy's Bitcoin assets are worth approximately $72 billion, reflecting an unrealized gain of nearly $28 billion.
4. The purchase was funded by selling 1,636,373 shares of MSTR stock, raising about $736.4 million, and liquidating smaller positions in STRK, STRF, and STRD stocks for an additional $3.9 million.
5. MSTR shares were priced at $430.23 in the latest trading session, marking a 1.66% daily increase.
Description
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