Strategy, which was formerly known as MicroStrategy, has bolstered its Bitcoin holdings with a recent acquisition of 130 BTC.
As reported in a March 17 filing with the US Securities and Exchange Commission (SEC), the company invested $10.7 million for this purchase, acquiring the assets at an average price of $82,981 per coin during the period from March 10 to March 16.
Data from CryptoQuant shows that this marks the firm’s first Bitcoin acquisition in March. It is also one of its smallest purchases, with the only lower acquisition being the addition of 122 BTC in April 2024. This stands in stark contrast to the company’s previous substantial acquisitions, which frequently involved billion-dollar transactions.
With this new addition, Strategy’s total Bitcoin holdings now stand at 499,226 BTC, valued at over $41 billion. The average purchase price across its Bitcoin portfolio is $66,360 per BTC, amounting to a total investment of $33.1 billion.
To finance this latest Bitcoin acquisition, the company sold 123,000 shares of its Series A perpetual preferred stock (STRK Shares), which generated around $10.7 million in net proceeds.
This acquisition comes on the heels of the firm’s announcement regarding plans to raise $21 billion through the issuance of Class A strike preferred stock.