Strategy Reports Recent Bitcoin Purchases Averaging $118,940 Amid Growing Corporate Holdings
Main Idea
Strategy has significantly increased its Bitcoin holdings to 607,770 BTC, valued at over $72 billion, reinforcing its position as the largest corporate Bitcoin holder, amid growing institutional interest in cryptocurrency.
Key Points
1. Strategy purchased 6,220 Bitcoin at an average price of $118,940 per coin, totaling $739.8 million, increasing its holdings to 607,770 BTC.
2. The company's Bitcoin assets have yielded a 20.8% return year-to-date, and its stock price has surged by over 2,800% since adopting a Bitcoin-focused strategy.
3. Bitcoin recently reached a new high of $122,838, with Strategy's average acquisition cost at $71,756 per coin, significantly below current market prices.
4. 155 publicly traded companies now hold nearly 870,000 Bitcoin collectively, indicating growing institutional adoption for inflation hedging.
5. Strategy's transparent reporting and SEC compliance serve as a model for corporate cryptocurrency investment, highlighting Bitcoin's evolving role in corporate finance.
Description
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