Strategy Invests $2.54 Billion in 34,164 Bitcoins, Marking Third-Largest Acquisition

Strategy, led by Michael Saylor, has expanded its bitcoin reserves by 34,164 coins at an average cost of $74,395 per unit, totaling approximately $2.54 billion, as disclosed in a recent filing. This move increases the company's overall bitcoin holdings 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 holdings are at 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 latest purchases were made possible by raising $2.2 million through the sale of its preferred stock, STRC, and an additional $366 million from common stock offerings. Meanwhile, MSTR's shares have declined by over 2.5% in pre-market trading.