Michael Saylor · Strategy · Bitcoin · The Block
Bitcoin treasury firm Strategy (MSTR) picked up 4,603 BTC for approximately $369.7 million between Aug. 24 and Aug. 30
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The Michael Saylor-led firm now holds a total of 845,050 BTC, worth around $66.1 billion, bought at an average price of $75,412 per bitcoin for a total cost of around $63.73 billion, including fees and expenses.
Key facts
- Bitcoin treasury company Strategy (MSTR) acquired 4,603 BTC for approximately $369.7 million between Aug. 24 and Aug
- The company spent $369.7 million on bitcoin (BTC), used another $151.8 million to repurchase 1,557,177 shares of STRC preferred stock, and allocated $50.7 million to STRC dividends
- The Michael Saylor-led firm now holds a total of 845,050 BTC, worth around $66.1 billion, bought at an average price of $75,412 per bitcoin for a total cost of around $63.73 billion, including fees
- 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 $2.34 billion of paper profits at current prices
Summary
Bitcoin treasury company Strategy (MSTR) acquired 4,603 BTC for approximately $369.7 million between Aug. 24 and Aug. 30 at an average price of $80,318 per bitcoin, according to an 8-K filing with the U.S. Securities and Exchange Commission on Monday. 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 $2.34 billion of paper profits at current prices of above $78,000. The latest acquisition was funded by proceeds from at-the-market sales of Strategy's Class A common stock, MSTR. The company spent $369.7 million on bitcoin (BTC), used another $151.8 million to repurchase 1,557,177 shares of STRC preferred stock, and allocated $50.7 million to STRC dividends.