Strategy adds 592 BTC for $40M in 100th Bitcoin purchase

Strategy bought 592 Bitcoin for astir $39.8 cardinal past week, marking its 100th acquisition since the institution adopted its Bitcoin-focused treasury strategy successful August 2020.

The latest acquisition brings the company’s full holdings to 717,722 BTC, acquired astatine an aggregate outgo of $54.56 billion, according to a US Securities and Exchange Commission filing connected Monday. The recently acquired Bitcoin was purchased astatine an mean terms of $67,286 per BTC, inclusive of fees and expenses.

The purchases were funded done the merchantability of 297,940 shares of Strategy’s Class A communal banal nether its at-the-market (ATM) offering programme betwixt Tuesday and Sunday. The income generated nett proceeds of astir $39.7 million, according to the filing.

Strategy enforcement president Michael Saylor hinted astatine the milestone up of the announcement successful a Sunday station connected X, sharing a illustration of the company’s erstwhile purchases alongside the caption “The Orange Century,” a operation helium has utilized successful notation to Bitcoin’s semipermanent outlook.

Source: Michael Saylor

Nearly six years of accumulation 

According to the filing, Strategy did not merchantability immoderate of its preferred banal nether its ATM programs during the reporting period. The institution has consistently utilized equity issuance and different superior marketplace instruments to concern its Bitcoin accumulation. 

The latest acquisition extends a streak of play acquisitions successful 2026, adjacent arsenic Bitcoin has traded beneath the company’s wide mean acquisition terms of $76,020 per coin.

Related: Top crypto treasury companies Strategy and Bitmine adhd to BTC, ETH stacks

Strategy began purchasing Bitcoin successful August 2020 with an archetypal $250 cardinal allocation. Since then, it has steadily expanded its holdings crossed aggregate marketplace cycles, becoming the largest publically traded firm holder of Bitcoin.

With 717,722 BTC present connected its equilibrium expanse worthy astir $47.5 cardinal astatine existent prices, the company’s vulnerability to Bitcoin remains cardinal to its firm strategy and superior operation astir six years aft its archetypal purchase. 

In a abstracted Feb. 20 station connected X, Saylor expressed assurance successful Bitcoin’s semipermanent terms potential. “If it’s not going to zero, it’s going to a million,” helium wrote.

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