Company Strategy, known for its active stance in the cryptocurrency market, has demonstrated serious intentions by acquiring 15,355 BTC despite price fluctuations.
Company Strategy in Bitcoin Market
With this latest acquisition, Strategy's total Bitcoin holdings have reached 553,555 BTC at an average purchase price of $68,459. The company's total investment amounts to $1.42 billion, confirming their commitment to long-term investments in Bitcoin. The company's president describes Bitcoin as the 'digital gold of the future.'
Financing Bitcoin Purchases
To finance its new acquisitions, Strategy is using both cash reserves and proceeds from stock sales. Between April 14 and April 20, the company raised $547.7 million from the sale of 1.76 million Class A shares and $7.8 million from 91,000 preferred shares. A statement submitted to the SEC indicates that ATM programs provide flexible financing for implementing their Bitcoin strategy.
The Future of Bitcoin as an Asset
Michael Saylor, co-founder of the company, remains confident in Bitcoin's value as an asset and its role in the future digital economy. Under his leadership, the '21/21 Plan' aims to attract $42 billion by 2027 to acquire more Bitcoin. This underscores the company's strategic vision in the face of global economic uncertainty.
Strategy's active investments in Bitcoin demonstrate their confidence in the future of this asset and their aim to take a key position in the cryptocurrency revolution despite the risks involved.
