Strategy Snaps Up Another 1,665 Bitcoins for $142.7 Million

Strategy, the company behind the MSTR stock and owner of one of the largest Bitcoin treasuries, has purchased an additional 1,665 BTC for approximately $142.7 million at an average price of $85,681 per coin.

This latest acquisition brings Strategy's total holdings to 847,666 BTC, representing just over 4% of Bitcoin's fixed 21 million supply. The company spent about $63.95 billion building its Bitcoin treasury, giving the entire holding an average purchase price of $75,437 per BTC.

The new purchase was funded through a combination of common stock sales and existing cash reserves. Strategy sold 1,469,165 shares of its Class A common stock during the week, generating approximately $246.2 million in net proceeds through its at-the-market offering program.