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Strategy buys 22,048 bitcoins for $1.92b
Bitcoin treasury company Strategy, previously known as MicroStrategy, acquired 22,048 bitcoins for US$1.92 billion from Mar. 24 to Mar. 30.
The purchase price averaged US$86,969 per bitcoin.
With this acquisition, Strategy’s total bitcoin holdings now exceed 528,000 BTC, valued at over US$43 billion.
The cost of these holdings is approximately US$35.63 billion, with an average purchase price of US$67,458 per bitcoin.
The purchases were funded through sales of Strategy’s class A common stock (MSTR) and perpetual preferred stock (STRK), raising about US$1.2 billion and US$18.52 million, respectively.
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