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The strategy, previously known as MicroStrategy, purchased an even larger amount of Bitcoin, valued at around $2 billion for the Treasury.
Bitcoin Treasury Company currently holds around 2.3% of its total Bitcoin supply, with 499,096 Bitcoins on its balance sheet.
The strategy has been purchasing Bitcoin almost every week since early November, and has been making purchases through debt and stock offerings.
This latest purchase was the biggest strategy since December 9th.
Business Intelligence and Bitcoin Finance Company Strategy (MSTR) said on Monday it once again expanded Bitcoin Holdings, winning nearly $2 billion in digital currency.
The strategy, previously known as MicroStrategy, said it purchased an additional 20,356 Bitcoin at an average price of $97,514, at a regulatory filing. Purchases funded through the Zero Coupon Convertible Note Offer bring the company’s total Bitcoin reserves to 499,096 Bitcoins.
With this latest purchase, the strategy is currently limited to around 21 million people over 2.3% of the fully diluted supply of Bitcoin. According to Bitcoin Supply Tracker BitcoinTreasuries, BlackRock’s iShares Bitcoin Trust (ibit) It is the only other entity with a large percentage of total Bitcoin supply to books, with almost 2.8% of all existing Bitcoin.
Over the weekend, Strategy Executive Secretary Michael Saylor telegraphed the latest purchase announcement at X, as he did previously. The strategy has announced new Bitcoin purchases almost every week since November. This week’s purchase was my biggest purchase since December 9th.
The strategy uses a combination of debt and equity offerings to promote Bitcoin accumulation.
The aggressive way that strategy has accumulated Bitcoin has resulted in a significant increase in stock market capitalization over the past few years. However, there are still many skeptics who do not consider this approach to be sustainable in the long run.
Strategic stocks fell about 4% with a delayed trading on Monday, but the stock still rose by more than 300% over the past 12 months. Bitcoin, which has been trading within a relatively narrow range in recent weeks, was well below the record high set of around $109,000 last month, at around $95,000.
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