Strategy has accumulated over 500,000 BTC, becoming the first public company to hold such a large amount of cryptocurrency. We explore how this was achieved and the company's future plans.
Strategy's Bitcoin Acquisition History
Recently, Strategy purchased 6,911 BTC for approximately $584 million, raising its holdings to 506,137 BTC. These acquisitions followed Michael Saylor's indications of the company's intent to increase its reserves.
Financial Aspects and Acquisition Strategy
The company acquired Bitcoin at an average price of $66,608 per BTC, totaling around $33.7 billion, including fees. Despite Bitcoin price fluctuations, Strategy has $8.3 billion in unrealized gains. Additionally, Strategy announced a new offering of STRF shares, increasing the offer from $500 million to $722.5 million.
Future Plans
The new funds raised by Strategy will be used for further Bitcoin acquisitions and to support operational needs. Moreover, the company continues its '21/21 plan,' aiming to raise $42 billion for Bitcoin purchases.
Strategy remains one of the largest Bitcoin holders globally and continues to actively increase its cryptocurrency reserves through new acquisitions and financing strategies.
