Strategy Bolsters Bitcoin Holdings After Latest SEC Filing
Corporate giant Strategy has made another significant move in the crypto space. They recently added 525 BTC to their cache, boosting their total holdings close to 639,000 BTC.This purchase was worth $60.2 million.
the new Batch of BTC was acquired between September 8th and 14th. The average cost per coin was approximately $114,562. The financially prudent move was not drawn from the company’s operational coffers, but rather thru the clever sell-off of perpetual preferred stock.
- Sold Series A Perpetual Strife Preferred Stock (STRF)
- Sold Series A Perpetual Strike Preferred Stock (STRK)
- Sold Series A Perpetual Stride Preferred Stock (STRD)
This latest transaction now puts Strategy’s total owned BTC value at around $73.4 billion, with each coin coming in at a cumulative cost of nearly $73,913.This leaves Strategy with over $26 billion in gains.
Strategy’s leadership in the corporate sector of the BTC market cannot be challenged. The next highest corporate BTC holder is Marathon Digital with less than 53,000 coins. All the remaining public companies combined own roughly one-third of what Strategy has amassed.
