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Strategy invests $742m in bitcoin after rebrand
Bitcoin treasury firm, Strategy (formerly MicroStrategy), acquired 7.633 bitcoin for US$742 million between Feb. 3 and Feb. 9, at an average price of US$97.255 per bitcoin.
The firm now holds 478.740 bitcoin, worth over US$46 billion, with an average purchase price of US$65.033 per bitcoin, representing 2.2% of Bitcoin’s total supply.
Funding for these acquisitions came from share sales, including 516.413 Class A common stock shares raising US$179 million and 7.3 million series A preferred shares raising US$563 million.
The company recently rebranded to Strategy, adding a new logo with the “₿” symbol, and has accumulated around US$20 billion in bitcoin after a brief pause.
Recent Strategy developments
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