Strategy and Strive Acquire 6,403 Bitcoins for $512.7 Million
Strategy and Strive have made significant investments in Bitcoin (BTC) over the past week. Between August 24th and 30th, Strategy acquired a combined 6,403 BTC for approximately $512.7 million.
The purchases were made during separate buying windows, with Strategy funding its acquisition through net proceeds from Class A common-stock sales. The company sold 4,531,421 shares, generating $602.8 million in net proceeds during the period.
Strategy's holdings now stand at 845,050 BTC, with an aggregate purchase price of $63.73 billion and an average cost of $75,412 per Bitcoin. Meanwhile, Strive bought 1,800 BTC between August 24th and 28th for approximately $143 million.