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

Strategy, led by Michael Saylor, has expanded its bitcoin treasury 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 acquisition brings the company's total bitcoin holdings to 815,061, with a cumulative investment of around $61.56 billion and an average cost basis of $75,527. Given the current market price of bitcoin at approximately $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 as a balance sheet asset. The funding for the recent purchase was generated through the sale of its preferred stock, STRC, which raised $2.2 million, and common stock offerings, which yielded $366 million. Meanwhile, MSTR shares have declined by over 2.5% in pre-market trading.