CryptoStrategy adds 15,355 Bitcoin for $1.4 billion, bringing stack...

Strategy adds 15,355 Bitcoin for $1.4 billion, bringing stack to 553,555 BTC

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Key Takeaways

  • Strategy acquired 15,355 Bitcoin for $1.4 billion, increasing its holdings to 553,555 BTC.
  • The acquisition was funded by selling shares.

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Strategy, the largest corporate holder of Bitcoin, announced on Monday that it had acquired an additional 15,355 Bitcoin for approximately $1.4 billion. The purchases, made between April 21 and April 27, were executed at an average price of $92,737 per coin.

Strategy funded its latest Bitcoin acquisition through proceeds from its stock offerings, as shown in a new SEC filing. Between April 21 and April 27, the company raised approximately $1.4 billion by selling 4.02 million shares of its Class A common stock (MSTR) and 435,069 shares of its 8.00% Series A preferred stock (STRK).

Strategy buys 15,355 BTCStrategy buys 15,355 BTC

The latest acquisition brings Strategy’s total Bitcoin holdings to 553,555 BTC, valued at roughly $52.7 billion at current market prices. As of press time, Bitcoin is trading near $95,300, according to TradingView data.

Bitcoin’s surge to $95,300 has turbocharged Strategy’s Bitcoin holdings, turning its $37.9 billion investment, acquired at an average price of $68,459 per coin, into approximately $15 billion in unrealized gains.

This marks the third consecutive week Strategy has added to its Bitcoin reserves. Just last week, the company reported purchasing 6,556 BTC during the week ending April 20.

The announcement follows a post from Michael Saylor on Sunday highlighting Strategy’s Bitcoin portfolio tracker, often interpreted by the market as a precursor to a major acquisition update.

Shares of Strategy (MSTR) are up 1.6% in pre-market trading Monday, following a 5% gain last Friday, according to Yahoo Finance.

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