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The company Strategy, the largest corporate public holder of Bitcoin, increased its holdings of the leading cryptocurrency by 4,871 coins from March 30 to April 5. The acquisition cost approximately $329.9 million, with an average purchase price of $67,718 per BTC.
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As of April 5, the total number of Bitcoins held by Strategy reached 766,970, representing over 3% of the total cryptocurrency supply. Since 2020, the company has invested around $58.02 billion in Bitcoin purchases at an average acquisition price of about $75,644 per coin.
The funding for this latest purchase was primarily sourced from the sale of preferred shares of STRC. Additionally, some funds from the issuance of common shares of MSTR were utilized for the transaction.
This acquisition marks the most advantageous purchase for Strategy in quite some time. This year, the company has made several significant Bitcoin acquisitions, but in each instance, the price per asset was higher.
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From December 29 to January 4, the company acquired 1,286 BTC for approximately $116 million, with an average purchase price of around $90,391 per coin.
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From January 5 to January 11, it purchased 13,627 BTC for $1.25 billion, marking the largest Bitcoin acquisition since July, with an average purchase price of about $91,700.
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Between January 12 and January 19, Strategy sold securities worth approximately $2.1 billion and used the proceeds to buy 22,305 BTC, with an average purchase price of roughly $95,284.
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From March 9 to March 15, the reserves of the major Bitcoin holder increased by another 17,994 BTC for $1.28 billion, with an average purchase price of $70,946.
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During the same period, Strategy also acquired an additional 22,337 BTC for $1.57 billion, at $70,194 per coin.
Previously, Strategy’s CEO Michael Saylor referred to Bitcoin as a fully-fledged financial asset that is increasingly influenced by economic conditions, the actions of large corporate investors, and banks.
