• Strategy adds 592 BTC for $40M in 100th Bitcoin purchase Strategy bought 592 Bitcoin for $39.8 million in its 100th purchase, increasing holdings to 717,722 BTC. • Cointelegraph in your social feed Strategy bought 592 Bitcoin for about $39.8 million last week, marking its 100th purchase since the company adopted its Bitcoin-focused treasury strategy in August 2020. • The latest purchase brings the company’s total holdings to 717,722 BTC, acquired at an aggregate cost of $54.56 billion,accordingto a US Securities and Exchange Commission filing on Monday. • The newly acquired Bitcoin was purchased at an average price of $67,286 per BTC, inclusive of fees and expenses. • The purchases were funded through the sale of 297,940 shares of Strategy’s Class A common stock under its at-the-market (ATM) offering program between Tuesday and Sunday. • The sales generated net proceeds of about $39.7 million, according to the filing.
Article Summaries:
- Strategy Corp. completed its 100th Bitcoin purchase by buying 592 BTC for roughly $39.8 million, bringing its total holdings to 717,722 BTC at an aggregate cost of $54.56 billion. The new coins were acquired at an average price of $67,286 per BTC, below the company’s overall average purchase price of $76,020. Funding came from selling 297,940 shares of its Class A common stock through an at‑the‑market offering, generating about $39.7 million in net proceeds. The company has continued weekly acquisitions since launching its Bitcoin‑focused treasury strategy in August 2020, maintaining Bitcoin as a core element of its corporate strategy.
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