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Strategy records announcement of 100th bitcoin acquisition, securing 592 coins last week for $39.8 million.
Under the leadership of Executive Chairman Michael Saylor, the firm currently possesses 717,722 bitcoin, acquired at an average cost of $76,020 per coin, amounting to a total of $54.56 billion.
Key details:
- Strategy acquired 592 bitcoin for $39.8 million last week.
- The company’s total bitcoin holdings now stand at 717,722, with a total investment of $54.56 billion.
- This announcement marked the company’s 100th bitcoin purchase, as noted in a lighthearted post on X by Executive Chairman Michael Saylor.
Strategy (MSTR), recognized as the largest publicly traded entity holding bitcoin, made a modest BTC acquisition last week, adding 592 coins for $39.8 million.
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This results in an average purchase price of $67,286 per bitcoin, with the acquisitions fully financed through sales of common stock, as per an SEC filing.
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The firm currently holds 717,722 bitcoin, acquired for $54.56 billion, reflecting an average price of $76,020 per coin. With bitcoin trading slightly above $66,000, this position indicates an unrealized loss of approximately $10,000 per coin, totaling around $7 billion.
The news released this morning represents a significant milestone. As mentioned in a lighthearted X post by Executive Chairman Michael Saylor, it is Strategy’s 100th announcement of a bitcoin purchase since the company (originally named MicroStrategy) commenced acquiring BTC in August 2020.
MSTR shares have declined by 2.5% in pre-market trading and more than 50% year-over-year.
