Strategy Inc. Resumes Bitcoin Buying with New Acquisition

Strategy Inc., a publicly traded company, has resumed its practice of buying large amounts of bitcoin. In a recent filing with the SEC, it was revealed that the company purchased 535 BTC for approximately $43 million between May 4 and May 10.

The average price paid per coin was $80,340, which is currently above the market value of around $81,000. This means that the company's latest bitcoin purchase is already in profit.

The funds used to buy the bitcoin were raised through at-the-market sales of the company's common stock and preferred stock, specifically its Class A common stock (MSTR) and perpetual Stretch preferred stock (STRC).

With this new acquisition, Strategy Inc.'s total bitcoin holdings now stand at 818,869 BTC, acquired for around $61.9 billion at an average cost basis of $75,540 per bitcoin.