Strategy Adds 1,665 Bitcoin to Holdings for $142.7 Million

Michael Saylor's company, Strategy, has continued its aggressive Bitcoin buying strategy. Last week, it purchased 1,665 BTC for $142.7 million, bringing its total holdings to 847,666 BTC.

The company bought the Bitcoin at an average price of $85,681 per coin between Monday and Sunday. This brings Strategy's total investment in Bitcoin to a staggering $63.95 billion at an average price of $75,437 per Bitcoin, including fees and expenses.

The purchase was funded by the sale of common shares and a portion of its US dollar cash holdings. Strategy sold 1.47 million MSTR shares for $246.2 million in net proceeds, allocating $142.7 million to Bitcoin and $103.5 million to repurchases of STRC preferred stock.