Strategy Acquires 2,932 Bitcoin – Total Holdings Surpass $62 Billion, Representing 3.2% of BTC's Supply!

Michael Saylor's company, Strategy, has made a significant addition to its Bitcoin [BTC] holdings, acquiring 2,932 BTC last week for approximately $264.1 million at an average price of $90,061 per coin, as noted in a filing with the U.S. Securities and Exchange Commission.

Key Takeaways

Strategy purchased 2,932 BTC, raising its total to 712,647 BTC, which is 3.2% of Bitcoin's total supply.
The total investment in Bitcoin is approximately $54.2 billion, now valued at nearly $62.5 billion.
To finance this acquisition, the company utilized capital markets and has billions of dollars worth of shares available for sale.
This purchase follows a previous acquisition of 22,305 BTC for about $2.1 billion, marking Strategy's largest weekly accumulation since November 2024.

Strategy's Bitcoin Stash Surpasses $62 Billion

Strategy Expands Bitcoin Holdings

The recent acquisition of Bitcoin has elevated Strategy's total BTC holdings to 712,647 coins, representing a substantial 3.2% of Bitcoin's capped supply of 21 million coins. The recent stash acquisition was made at an average cost of around $76,037 per Bitcoin, tallying to a total expenditure of roughly $54.2 billion, including transaction fees. Presently, this Bitcoin portfolio is valued around $62.5 billion, reflecting notable unrealized gains.

To support these recent purchases, Strategy leveraged capital markets by raising funds through at-the-market sales of its Class A common stock and perpetual preferred shares. The company noted that even after last week's sales, it still has a significant amount of shares available for future acquisitions.

Bitcoin

A Familiar Strategy

As is customary, Strategy's recent Bitcoin purchasing activity was hinted at before the official announcement. On Sunday, Michael Saylor, the executive chairman and co-founder of the company, shared an update through the firm's Bitcoin acquisition tracker. The significance of the post became evident the following day.

This latest acquisition comes shortly after the company disclosed the purchase of 22,305 BTC for approximately $2.1 billion, which was made at an average price of $91,519 per coin. This earlier purchase increased the firm’s total holdings to 709,715 BTC, marking their largest weekly accumulation since November 2024, when they acquired 55,500 BTC.

Acquisition Update

Leading the Market

With more than 712,000 BTC now on its balance sheet, Strategy holds the largest Bitcoin reserve among publicly traded companies. Comparatively, the nearest competitors, such as MARA Holdings and Twenty One Capital, hold just a fraction of that total, generally in the tens of thousands of BTC.

Company Bitcoin Holdings

Across the top 100 public companies, they collectively hold just over 1.13 million BTC, meaning that Strategy alone represents over half of all Bitcoin owned by publicly listed firms.

Conclusion

The aggressive purchasing strategy employed by Michael Saylor's company demonstrates its commitment to accumulating Bitcoin amid a fluctuating market, further solidifying its status as a leader in the cryptocurrency space.