Key Takeaways
- Strategy acquired 130 Bitcoin at an average price of $82,981, increasing total holdings to 499,226 BTC.
- The acquisition was funded by selling series A preferred stock, generating $10.7 million in net proceeds.
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Business intelligence firm Strategy acquired 130 Bitcoin for approximately $11 million at an average price of $82,981 per coin between March 10 and March 16, according to an SEC filing today.
The company’s total Bitcoin holdings now stand at 499,226 BTC, valued at over $41.6 billion. Strategy’s co-founder and executive chairman Michael Saylor said the company’s total holdings were purchased at an average price of $66,380 per BTC, including fees and expenses. The firm currently holds more than 2% of Bitcoin’s total 21 million supply.
The latest Bitcoin purchase was funded by the sale of 123,000 shares of Strategy’s 8.00% series A perpetual strike preferred stock (STRK), which generated approximately $10.7 million in net proceeds.
Strategy did not sell any shares of its Class A common stock during the March 10-16 period under its ATM offering program for its Common Stock.
The company’s shares closed Friday up 13% at around $297, having gained more than 77% over the past year, according to Yahoo Finance data. The stock is trading slightly lower in pre-market trading today.
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