Strategy Achieves Milestone in Bitcoin Accumulation with 100th Purchase

Strategy, the world's largest publicly traded corporate holder of Bitcoin, has marked another milestone in its Bitcoin accumulation journey with its 100th purchase. The company acquired 592 BTC for nearly $40 million between February 17 and 22, at an average price of $67,286 per coin.

The modest purchase was funded by proceeds from selling its Class A common stock, which generated roughly $39.7 million. This addition brings Strategy's total Bitcoin holdings to 717,722 coins, accumulated at a combined cost of $54.56 billion, translating to an average purchase price of $76,020 per coin.

Relative to Bitcoin's hard supply limit of 21 million coins, the company's stake now represents over 3.4% of the total possible circulation. The alpha crypto is currently trading slightly above $65,399, which reflects an unrealized loss of about $7.1 billion for Strategy.