Strategy Expands Bitcoin Holdings to 628,946 BTC Amid Price Surge, Suggesting Continued Investment Potential
Main Idea
Strategy has increased its Bitcoin holdings to 628,946 BTC, with a recent purchase of 155 BTC for $18 million, as Bitcoin's price surge boosts its stock performance.
Key Points
1. Strategy acquired 155 BTC for $18 million at an average price of $116,401, funded by STRF stock sales.
2. The company now holds 628,946 BTC, acquired for a total of $46.09 billion at an average price of $73,288.
3. MSTR stock rose 3% following Bitcoin's price surge above $122,000, reflecting a strong correlation between the two assets.
4. Strategy's largest Bitcoin purchase this year was 21,021 BTC, financed through equity sales.
5. The company recently filed a $4.2 billion shelf registration for STRC stock offering, the largest of the year.
Description
Strategy has acquired 155 BTC for $18 million, bringing its total holdings to 628,946 BTC as Bitcoin price nears record highs. Strategy purchased 155 BTC for $18 million at an
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