Bitcoin reserve company Strategy has acquired 4,980 additional Bitcoin, bringing its total holdings to 597,325 BTC.
Funding Source and Market Strategy
- The purchase was funded through Strategy’s well-known at-the-market (ATM) equity offering mechanism.
Funds were raised via:
- Sales of common stock (MSTR).
- Newly issued preferred shares (STRK and STRF).
- These efforts are part of the company’s "42/42" plan, an $84 billion financing initiative to support ongoing Bitcoin accumulation through 2027.
Bitcoin Price Projections
- Strategy’s Executive Chairman, Michael Saylor, recently speculated that Bitcoin could reach $21 million per BTC within 21 years.
- This long-term bullish outlook drives the company’s aggressive acquisition strategy.
Key Metrics
- Average purchase price: $70,982 per BTC (unrealized gains exceeding **$21 billion**).
- Current holdings: 597,325 BTC (valued at $64+ billion).
- Latest acquisition: 4,980 BTC at **$106,801 per coin** ($531.9 million total).
Industry Context
- According to BitcoinTreasuries.net, 140+ public companies now hold Bitcoin on their balance sheets.
- Strategy remains the largest publicly traded Bitcoin reserve entity, with holdings 10x larger than its closest competitor (MARA Holdings).
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FAQ Section
Q: Why is Strategy aggressively buying Bitcoin?
A: The company believes Bitcoin’s price could surge to $21 million by 2046, making early accumulation critical.
Q: How does Strategy fund its Bitcoin purchases?
A: Through ATM equity offerings, including common/preferred stock sales under its "42/42" financing plan.
Q: What’s the average cost basis of Strategy’s Bitcoin holdings?
A: $70,982 per BTC, with current holdings valued at over $64 billion.
Q: How does Strategy’s Bitcoin reserve compare to other companies?
A: It’s the largest globally, dwarfing competitors like MARA Holdings by a 10:1 ratio.
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