Strategy Expands Its Bitcoin Holdings by Purchasing Another 3,459 BTC

Stratgy, a prominent business intelligence software platform, has recently expanded its Bitcoin ($BTC) holdings. As per Michael Saylor, the chairman of Strategy,

Strategy, a leading business intelligence software firm, has reportedly increased its Bitcoin (BTC) holdings.

According to Chairman Michael Saylor, Strategy has purchased 3,459 BTC for approximately $285.8 million at an average price of $82,618 per bitcoin. As of April 13, Strategy’s total bitcoin holdings stand at 153,644, acquired for a total of $35.92 billion at an average price of $67,556 per bitcoin.

Strategy financed this bitcoin acquisition through its at-the-market equity shelf registration program. The company generated nearly $285.7 million from the sale of 959,712 shares of MSTR, its Class A common stock, at an average price of $298.06 per share.

As of April 13, Strategy had sold a total of 3,589,466 shares of MSTR for net proceeds of $1,077,874,000, and it is authorized to sell up to an additional 11,410,534 shares of MSTR at the prevailing market price.

The new bitcoin acquisition further expands Strategy’s digital asset portfolio. In March, Strategy disclosed that it had sold 790 shares of Zoom Video Communications (NASDAQ:) in the fourth quarter of 2024.

Earlier this year, Strategy engaged in brisk selling activity of its Zoom shares, offloading a significant portion of its holdings. At the beginning of 2024, Strategy’s Zoom stake was valued at over $2 billion. However, by the end of the third quarter, the investment had shrunk to $483.8 million.

As of April 13, Strategy’s Treasury had cash and cash equivalents of $1.6 billion, and it is clear that the company is actively deploying its capital to build out its long-term investment portfolio.