Company Invests $2.54 Billion in 34,164 Bitcoins, Marking Third-Largest Acquisition on Record

Strategy, led by Michael Saylor, has expanded its bitcoin holdings by 34,164, 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 reserves to 815,061, acquired at a cumulative cost of around $61.56 billion, with an average cost basis of $75,527 per coin. Given the current trading price of bitcoin at $75,000, Strategy's holdings are essentially at break-even. As the largest publicly traded bitcoin holder globally, the company initiated its bitcoin acquisition strategy in 2020. The recent purchases were financed through the sale of its preferred stock, which generated $2.2 million, and common stock offerings, which raised $366 million. The company's shares have declined by over 2.5% in pre-market trading.