Strategy Acquires 34,164 Bitcoin for $2.54 Billion in Third-Largest Purchase

MicroStrategy (MSTR) has expanded its bitcoin holdings by 34,164, purchased at an average price of $74,395 per coin, totaling $2.54 billion, as disclosed in a recent filing. This acquisition brings the company's total bitcoin reserve to 815,061 BTC, valued at approximately $61.56 billion, with an average cost basis of $75,527. Given the current bitcoin price of around $75,000, Strategy's holdings are currently at 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 recent purchases were made possible by $2.2 million raised from the sale of its preferred stock, STRC, and $366 million generated from common stock offerings. MSTR's shares have declined by over 2.5% in pre-market trading.