Bitcoin proxy Strategy announced today that it had acquired 2,932 BTC for around $264 million between January 20 and January 25. These purchases, executed at an average price of $90,061 per coin, boost the company’s total BTC stash to 712,647 BTC valued at $62.5 billion at current market prices.
According to a new SEC filing, Strategy funded its latest Bitcoin acquisitions using net proceeds from sales of its securities under its at-the-market (ATM) offering program.
Last week, the company sold 70,201 STRC shares and over 1.6 million MSTR shares, generating around $264 million in proceeds.
The move continues Strategy’s approach of accumulating Bitcoin as its primary treasury reserve asset. Saylor has directed the firm’s ongoing Bitcoin acquisitions as part of its core financial strategy.
Source: https://cryptobriefing.com/strategy-acquires-2-932-bitcoin/
