Strategy Adds Another 1,665 Bitcoins to Its Holdings

Michael Saylor's company, Strategy, has made another significant Bitcoin purchase. According to an accumulation chart posted on October 4, Strategy now holds 847,666 BTC after buying 1,665 coins for $142.7 million during the latest week.

The company funded its most recent purchase through sales of MSTR common stock, generating $246.2 million in net proceeds. Of that amount, $142.7 million was used to buy Bitcoin and $103.5 million went towards repurchasing STRC preferred stock.

Strategy's official Bitcoin ledger lists 847,666 BTC as its latest reported balance, with an aggregate acquisition cost of $63.945 billion, or an average of $75,437 per BTC including fees and expenses.