Strategy Boosts Bitcoin Holdings with $2.54 Billion Purchase

Strategy, a public company known for its aggressive bitcoin buying strategy, has made another significant addition to its crypto portfolio. According to an 8-K filing with the U.S. Securities and Exchange Commission (SEC), Strategy purchased an additional 34,164 BTC between April 13 and April 19, bringing its total holdings to 815,061 BTC.

The purchase was funded through at-the-market sales of the company's Class A common stock, MSTR, and its perpetual preferred stock, STRC. This equity-funded model has been a key component of Strategy's bitcoin acquisition strategy, allowing the company to continue buying large amounts of cryptocurrency without issuing new debt or equity.

With this latest purchase, Strategy's total bitcoin position now exceeds 3.8% of the fixed 21 million BTC supply. The company paid an average price of $74,395 per bitcoin for the latest acquisition, which is slightly lower than the current market price of around $76,000 per coin.

Strategy's co-founder and executive chairman, Michael Saylor, has been vocal about the company's commitment to accumulating as much bitcoin as possible. In a post shared before the announcement, he wrote, 'Think even bigger,' which suggests that the company may be considering even larger purchases in the future.