Strategy Invests $2.54 Billion in Bitcoin, Acquiring 34,164 Coins

Strategy, led by Michael Saylor, expanded its bitcoin reserves by 34,164 coins at an average cost of $74,395 per coin, totaling approximately $2.54 billion, as disclosed in a recent filing. This brings the company's total bitcoin holdings to 815,061, with a cumulative investment of around $61.56 billion and an average cost per coin of $75,527. Given the current bitcoin price of about $75,000, Strategy's holdings are at a break-even point. As the largest publicly traded bitcoin holder globally, the company initiated its bitcoin acquisition strategy in 2020. The recent purchases were made possible by $2.2 million from the sale of its preferred stock, STRC, and $366 million from common stock sales. The company's shares, MSTR, have declined by over 2.5% in pre-market trading.