Strategy Adds 1,665 More Bitcoin to Holdings, Bringing Total to Over 847,000

Strategy, the Bitcoin treasury company led by Michael Saylor, has continued its aggressive buying spree. In its latest move, it purchased an additional 1,665 Bitcoin for roughly $143 million at an average price of $85,681 per coin.

The acquisition, disclosed in September, lifted the firm’s total holdings to 847,666 BTC, acquired at an overall average cost of about $75,437 per bitcoin. This represents a cumulative outlay near $63.95 billion.

The latest acquisition cost $142.7 million, or roughly $85,681 per bitcoin including fees and expenses. The purchases were funded entirely with net proceeds from sales of Strategy’s Class A common stock (MSTR) through its at-the-market (ATM) equity program.