Strategy Expands Bitcoin Holdings with $2.1B Acquisition, Total BTC Surpasses 709,000

Strategy's Significant Bitcoin Acquisition

Strategy, a major player in enterprise software and the largest corporate Bitcoin holder, has expanded its cryptocurrency portfolio by adding 22,305 BTC to its reserves. According to its latest SEC filing, the acquisition was made at an average price of $95,284 per Bitcoin.

Details of the Acquisition

The recent purchase, valued at approximately $2.13 billion, was financed through net proceeds from the sale of common and preferred stock via an at-the-market (ATM) offering. This strategic move has increased Strategy's total Bitcoin holdings to 709,715 BTC, valued at nearly $65 billion, further solidifying its position as the leading Bitcoin treasury company.

Market Reaction

Despite this substantial investment, Strategy's shares experienced a 5% decline in premarket trading. Historically, the company's stock has been perceived by institutional investors as an indirect method of gaining exposure to Bitcoin without direct ownership responsibilities.