Crypto
Strategy Accumulates Over 4,600 Bitcoins at $80K Average Price
Strategy, a company known for its aggressive Bitcoin accumulation strategy, has continued to purchase BTC in large quantities. Last week, they added 4,603 units of Bitcoin at an average price of $80,318 per coin, totaling $369.7 million spent.
The recent purchases bring the company's total corporate holdings to 845,050 BTC, acquired at a total cost basis of $63.73 billion, averaging $75,412 per unit.
Funding for these purchases came from two main sources: $602.8 million in MSTR share sales and $151.8 million in STRC repurchases, leaving the company with approximately $5.10 billion in USD reserves.