Strategy Expands Bitcoin Holdings with $531 Million Purchase
Strategy, the enterprise software company formerly known as MicroStrategy, has bolstered its Bitcoin treasury with the acquisition of 4,980 BTC for approximately $531 million. This strategic move reinforces the company’s position as one of the largest corporate holders of Bitcoin, with total holdings now reaching 597,325 BTC.
Funding the Bitcoin Acquisition
The purchase was financed through proceeds from Strategy’s STRD issuance and its ongoing ATM share sale program. This funding approach demonstrates the company’s innovative method for expanding its Bitcoin reserves while maintaining financial flexibility.
Michael Saylor’s Bitcoin Vision
Michael Saylor, Strategy’s executive chairman and Bitcoin advocate, recently emphasized his long-term outlook for the cryptocurrency. “In 21 years, you’ll wish you’d bought more,” Saylor stated, reiterating his prediction that Bitcoin could reach $21 million per coin by 2045.
The Growing Trend of Corporate Bitcoin Adoption
Strategy’s success with its Bitcoin accumulation strategy has inspired similar moves by other corporations. Metaplanet, often described as Japan’s version of Strategy, has announced plans to accumulate 210,000 BTC by 2027, representing about 1% of Bitcoin’s total supply.
Key Facts About Strategy’s Bitcoin Position
- Total Bitcoin holdings: 597,325 BTC
- Average purchase price: $70,982 per BTC
- Recent acquisition: 4,980 BTC at $106,801 each
- Current value: Approximately $64 billion
