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The company Strategy, the largest corporate holder of bitcoins, acquired 13,927 BTC for $1 billion between April 6 and April 12, at an average price of $71,902 per coin.
The firm announced that its reserve now consists of 780,897 bitcoins (approximately 4% of the total supply of the first cryptocurrency), for which over $59.02 billion has been spent since 2020.
The latest batch of the first cryptocurrency was financed through the sale of 10,028,363 preferred STRC shares, raising about $1 billion. By the evening of Monday, April 13, STRC shares worth $21.6 billion remain available for issuance and sale.
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The programs for the placement of perpetual preferred shares STRK, STRC, STRF, and STRD amounting to $21 billion, $4.2 billion, $2.1 billion, and $4.2 billion are part of the company’s “42/42” plan. Strategy’s plan aims to raise $84 billion through the issuance of shares and convertible bonds.
The company made its first bitcoin purchase on August 11, 2020. In this transaction, the firm invested $250 million to acquire 21,454 BTC, establishing cryptocurrency as its primary reserve asset.
Previously, Strategy’s chairman Michael Saylor stated that the recovery of the bitcoin market could take between two to seven years.
