Strategy Has Acquired an Additional 6,556 Bitcoin for $555.8 Million

Strategy has acquired an additional 6,556 bitcoin for $555.8 million, according to a Form 8-K filed with the SEC on Monday. The purchase, made between April 14 and April 20, brings the company's total bitcoin holdings to 538,200 BTC

Software company Strategy has acquired an additional 6,556 bitcoin for $555.8 million, according to a Form 8-K filed with the SEC on Monday.

The purchase, which took place between April 14 and April 20, brings the company’s total bitcoin holdings to 538,200 BTC, acquired at an average price of $67,766 per coin. The latest acquisition was funded through the company’s two at-the-market (ATM) stock offering programs.

Strategy sold 1.76 million shares of its Class A common stock, generating $547.7 million, and over 91,000 shares of its 8.00% Series A perpetual strike preferred stock (STRK), raising an additional $7.8 million.

The company’s shares rose 2.77% in pre-market trading on Monday.

The software company has now spent $36.47 billion on bitcoin to date, making it the largest corporate holder of BTC. The company’s latest purchase was executed at an average price of $84,785 per bitcoin.

Strategy still has significant capacity for further purchases, with the common stock ATM program and STRK shares program providing the company with flexible funding mechanisms to continue its bitcoin accumulation strategy.

The company’s aggressive bitcoin acquisition strategy, led by CEO Michael Saylor, has transformed Strategy from a business intelligence firm into a de facto bitcoin investment vehicle. The company has consistently used market opportunities to raise capital through stock offerings and deploy it into bitcoin.

Strategy maintains a public dashboard on its website (www.strategy.com) providing real-time information about its bitcoin purchases, holdings, and other key performance indicators, demonstrating its commitment to transparency in its operations.

The company’s unwavering focus on bitcoin accumulation has also made it a bellwether for institutional bitcoin investment, with its stock price often moving in tandem with bitcoin’s market performance.