Company Invests $2.54 Billion in Bitcoin, Adding 34,164 Coins to Its Holdings

Strategy has expanded its bitcoin treasury by 34,164 coins, with an average purchase price of $74,395, totaling approximately $2.54 billion, as disclosed in a recent filing. This acquisition 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. Currently, with bitcoin trading near $75,000, the company's holdings are at a break-even point. As the largest publicly traded bitcoin holder globally, Strategy initiated its bitcoin acquisition strategy in 2020 as a balance sheet asset. The funding for the recent purchase came from the sale of the company's preferred stock, STRC, which generated $2.2 million, and common stock offerings, which raised $366 million. The company's shares have dropped over 2.5% in pre-market trading.