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

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 brings the company's total bitcoin holdings to 815,061, valued at around $61.56 billion with an average cost basis of $75,527. Given the current trading price of bitcoin at $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. The funding for the recent purchase was generated through the sale of its preferred stock, STRC, and common stock, amounting to $2.2 million and $366 million, respectively. The company's shares have declined by over 2.5% in pre-market trading.