Strategy's Bitcoin Holdings Surpass 847,000 Coins After Latest Acquisition

Strategy, a company known for its aggressive bitcoin buying strategy, has made another large purchase of 1,665 BTC at an average price of $85,681 per coin. This acquisition brings their total holdings past 847,000 coins and raises questions about how long they can sustain this pace.

The latest purchase was funded through the sale of 1,469,165 MSTR shares for approximately $246.2 million, as well as $48.1 million drawn from the company's USD Cash reserve. Strategy has been using a combination of stock sales and cash reserves to fund its bitcoin acquisitions.

The company's total bitcoin holdings are now valued at around $70.6 billion, with an average acquisition price of $75,437 per coin. This represents more than 4% of the fixed 21 million supply cap of BTC.