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

Strategy has expanded its bitcoin holdings by 34,164, purchasing the coins at an average price of $74,395, amounting to a total expenditure of approximately $2.54 billion, as disclosed in a recent filing. This move increases the company's total bitcoin reserves 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 bitcoin holdings are presently at break-even. 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 raising $2.2 million through the sale of its preferred stock, STRC, and $366 million from common stock sales. Meanwhile, MSTR shares have declined by over 2.5% in pre-market trading.