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

Strategy, led by Michael Saylor, expanded its bitcoin reserves by 34,164 coins last week, paying an average of $74,395 per coin, totaling approximately $2.54 billion, as disclosed in a recent filing. This acquisition brings the company's total 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 roughly $75,000, Strategy's holdings are currently 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 funding for the recent purchases came from $2.2 million generated by the sale of its preferred stock, STRC, and $366 million raised through common stock offerings. Meanwhile, MSTR shares have declined by over 2.5% in pre-market trading.