MILESTONE | Strategy Surpasses 800, 000 Bitcoins After a Record Purchase

Strategy (formerly MicroStrategy Inc.) has said it purchased 34,164 bitcoin for about $2.54 billion last week, lifting its total holdings to 815,061 tokens, as the company continued to deepen its exposure to the cryptocurrency.

The acquisition, disclosed in a regulatory filing, was made at an average price of about $74,395 per bitcoin. Bitcoin has recently traded near that level, leaving the firm’s overall position close to its aggregate cost basis.

The latest purchase is the company’s 3rd largest on record and brings its cumulative bitcoin investment to roughly $61.56 billion, at an average purchase price of about $75,527 per token.

Strategy funded the acquisition through proceeds raised under its at-the-market equity program, including sales of preferred and common stock, the filing showed.

The move underscores the firm’s ongoing strategy of using capital markets to accumulate bitcoin, reinforcing its position as the largest corporate holder of the cryptocurrency and a proxy vehicle for institutional exposure to the asset.

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