Strategy Makes Historic $2.54 Billion Bitcoin Purchase, Adding 34,164 Coins to Its Reserve

Michael Saylor's company, Strategy, expanded its bitcoin holdings by 34,164 coins, with an average purchase price of $74,395 per coin, amounting to a total of $2.54 billion, as disclosed in a recent filing. This brings the company's total bitcoin reserve to 815,061 coins, acquired at a cumulative cost of approximately $61.56 billion, with an average cost per coin of $75,527. Given the current bitcoin price of around $75,000, Strategy's bitcoin stash is currently at break-even point. As the world's largest publicly traded bitcoin holder, the company initiated its bitcoin acquisition strategy in 2020 as a balance sheet asset. The latest purchase was funded by $2.2 million from the sale of its preferred stock, STRC, and $366 million from common stock sales. The company's shares have declined by over 2.5% in pre-market trading.