- Strategy purchases 397 BTC, raising total holdings to 641,205 BTC.
- Company funds Bitcoin acquisitions through $69.5 million raised in equity.
- Saylor’s firm remains committed to Bitcoin accumulation despite market conditions.
Strategy, the software intelligence company led by billionaire executive chairman Michael Saylor, has increased its Bitcoin holdings once again. According to a company filing, Strategy purchased 397 BTC between October 27 and November 2 for a total of $45.6 million, at an average price of $114,771 per coin.
This latest acquisition brings the company’s total Bitcoin holdings to 641,205 BTC, accumulated at an average price of $74,057 per coin, representing a total investment of approximately $47.49 billion.
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Funding Through ATM Equity Programs
The Bitcoin purchases were funded using proceeds from Strategy’s at-the-market (ATM) equity programs. In one week, the company raised approximately $69.5 million through several stock issuances. This included $8.4 million from the sale of STRF shares, $4.4 million from STRK shares, $2.3 million from STRD shares, and $54.4 million from MSTR common stock.
All of these funds were directed specifically toward acquiring Bitcoin, highlighting Strategy’s ongoing strategy to convert equity capital into cryptocurrency.
Strategy currently holds over $46 billion in available capacity under its ATM programs, which gives the company flexibility to continue raising capital and funding future Bitcoin acquisitions.
Commitment to Bitcoin Accumulation
Since adopting Bitcoin as its primary treasury reserve asset in 2020, Strategy has remained a prominent corporate buyer of Bitcoin. The company’s continued acquisition of Bitcoin, regardless of market conditions, demonstrates its commitment to this strategy.
With Bitcoin trading near record highs, there is no indication that Strategy plans to slow down its purchasing pace.
As of now, Strategy’s Bitcoin holdings exceed those of any other publicly listed company and most sovereign nations. At current market prices, the company’s Bitcoin reserves are valued at roughly $45 billion.
The company’s consistent Bitcoin purchases reflect Saylor’s belief that Bitcoin is a store of value that can preserve wealth over time better than traditional cash or bonds.
With substantial ATM capacity remaining, Strategy is in a position to continue acquiring Bitcoin in the foreseeable future, further solidifying its status as a major corporate participant in the cryptocurrency market.
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