Michael Saylor · Strategy · Bitcoin · The Block
‘Big dot energy’: Michael Saylor’s Strategy picks up another 24,869 BTC for $2 billion as total holdings top 4% of bitcoin supply
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Bitcoin (BTC) treasury company Strategy (STRC) acquired an additional 24,869 BTC for approximately $2.01 billion at an average price of $80,985 per bitcoin between May 11 and May 17, according to an 8-K filing with the Securities and Exchange Commission on Monday.
Key facts
- Bitcoin (BTC) treasury company Strategy (STRC) acquired an additional 24,869 BTC for approximately $2.01 billion at an average price of $80,985 per bitcoin between May 11 and May 17, according
- Strategy recently extended its ATM programs to include up to an additional $21 billion of MSTR, alongside a further $21 billion of its STRC preferred stock and $2.1 billion of STRK preferred stock
- Strategy now holds a total of 843,738 BTC, worth around $65.3 billion, bought at an average price of $75,700 per bitcoin for a total cost of around $63.9 billion, including fees and expenses
- Strategy also sold 19,519,801 STRC shares for approximately $1.95 billion, with $17.51 billion worth of STRC shares remaining available for issuance and sale under that program
Summary
Strategy now holds a total of 843,738 BTC, worth around $65.3 billion, bought at an average price of $75,700 per bitcoin for a total cost of around $63.9 billion, including fees and expenses, according to the company's co-founder and executive chairman, Michael Saylor. To put that in perspective, Strategy's holdings are now the equivalent of more than 4% of bitcoin's 21 million supply cap and imply around $1.4 billion of paper gains at current prices.