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Strategy Buys 525 BTC for Over $60 Million

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by Giorgi Kostiuk

2 hours ago

Strategy, led by Michael Saylor, announced the purchase of 525 Bitcoin for over $60 million between September 8 and 14.

New Bitcoin Purchase

The firm purchased 525 BTC at an average price of $114,562 per coin, increasing its total crypto holdings to 638,985 BTC. To date, Strategy has spent $47.23 billion accumulating these assets at an average cost of $73,913 per BTC.

Funding through Share Sales

To finance this deal, Strategy sold shares through equity programs, including preferred stocks STRF, STRK, and STRD. The data suggests that the firm raised over $20 billion from STRK preferred shares and $16.1 billion from MSTR common stock issuance.

Market Reaction from Investors

Despite the positive purchase news, MSTR stock remained stable, dropping 1.98% to around $324. The cryptocurrency market also showed stability, with Bitcoin trading near $115,000.

The acquisition of 525 BTC by Strategy, while deemed small compared to previous purchases, reinforces the company's commitment to its Bitcoin investments despite market fluctuations.

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