Strategy buys 34,164 Bitcoin for $2.5B, holdings top 800,000 BTC

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Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, has blasted past 800,000 BTC in total holdings after announcing its latest purchases.

Strategy acquired 34,164 Bitcoin
BTCUSD
for $2.54 billion billion between April 13 and 19, according to an 8-K filing with the US Securities and Exchange Commission on Monday.

The buy ranks as Strategy’s third-largest Bitcoin acquisition on record by coin count, behind purchases of 55,500 BTC and 51,780 BTC in November 2024.

Holding around 780,897 BTC after a $1 billion purchase just a week ago, the company now holds 815,061 BTC, purchased for $61.56 billion.

The new acquisition was made at an average price of $74,395 per coin, slightly below the company’s average acquisition price of $75,527.

Strategy’s STRC funds more than 85% of the purchase

Similar to a few recent acquisitions, the majority of Strategy’s latest purchase has been funded through Stretch (STRC), the company's perpetual preferred security.

According to the filing, STRC generated $2.18 billion, or about 85.7% of total proceeds, while sales of Class A common stock (MSTR) contributed $366 million.

Last week marked several new records for STRC, including the company’s largest single-day buying spree through its at-the-market, or ATM, program.

On April 13, STRC set a new estimated daily record of about 7,741 BTC, based on the sale of 11.9 million shares through its at-the-market, or ATM, program, generating more than $1 billion in trading volume, according to STRC Live.

The stock set another record the following day, with an estimated 9,364 BTC tied to 14.4 million shares sold through its at-the-market, or ATM, program. The two days combined brought an estimated 17,204 BTC, marking a 518% surge versus the four-week average.
source: https://www.tradingview.com/news/cointelegraph:650aa052f094b:0-strategy-buys-34-164-bitcoin-for-2-5b-holdings-top-800-000-btc/