Leading Bitcoin treasury company Strategy said Monday it added 592 BTC to its holdings last week, paying nearly $40 million at an average cost of $67,286 per coin.
The purchase brings the company’s total Bitcoin stockpile to 717,722 coins, valued at approximately $48 billion at current market prices.
According to a new SEC filing, Strategy funded the acquisition by selling 297,940 shares of its Class A common stock through an at-the-market program, generating almost $40 million in net proceeds after commissions.
The company retains substantial capacity for additional purchases, with around $37 billion still available across its various ATM offerings as of February 22.
The latest acquisitions came as Strategy World, the company’s flagship event focused on AI, business intelligence, and Bitcoin innovation, is set to kick off this week with keynote speeches from high-profile leaders.
Michael Saylor, executive chairman of Strategy, will take the stage tomorrow to discuss digital credit. On Wednesday, CEO Phong Le will represent the company in a joint session with Morgan Stanley’s Amy Oldenburg, with the conversation centered on Bitcoin strategy and institutional participation.
Source: https://cryptobriefing.com/strategy-acquires-592-bitcoin-market-decline/
