Strategy Places $835 Million Bitcoin Bet, Largest Since July
In a significant move in the cryptocurrency market, Strategy Inc. has made headlines by purchasing $835.6 million in Bitcoin. This acquisition marks the largest purchase by the firm since July. The announcement was made following a tumultuous week for digital assets.
Details of the Bitcoin Purchase
The Bitcoin acquisition occurred over the seven-day period that ended on Sunday. As a result of this transaction, Strategy Inc.’s total Bitcoin holdings now stand at 649,870 tokens. These holdings are valued at approximately $61.7 billion, based on a filing submitted to the US Securities and Exchange Commission (SEC) on Monday.
Financing the Purchase
To fund the majority of this Bitcoin purchase, Strategy Inc. utilized proceeds from a recent euro-denominated preferred offering. This financial maneuvering highlights the company’s commitment to its digital-asset treasury model.
Key Statistics
- Total Bitcoin Purchased: $835.6 million
- Number of Bitcoin Holdings: 649,870 tokens
- Value of Holdings: Approximately $61.7 billion
- Date of SEC Filing: Monday following the purchase
As the cryptocurrency landscape continues to evolve, Strategy Inc.’s bold investment strategy raises questions about the future of Bitcoin and digital assets in general.
