Strategy Buys Another 7,633 BTC

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According to a filing with the Securities and Exchange Commission on Monday, Bitcoin treasury company Strategy (formerly known as MicroStrategy) has added 7,633 Bitcoins to its holdings between Feb. 3 and Feb. 9, at an average price of $97,255 per Bitcoin.

This brings the company’s total holdings to 478,740 BTC, worth over $46 billion. According to the company’s co-founder and executive chairman, Michael Saylor, the Bitcoin was purchased at an average price of $65,033, totaling $31.1 billion including fees and expenses.

This means Strategy holds over 2.2% of Bitcoin’s total 21 million supply. In addition to this acquisition, the company also recently sold 516,413 shares of its class A common stock (worth $179 million) and 7,300,000 shares of its 8.00% Series A Perpetual Strike Preferred Stock (worth $563.4 million).

As of Feb. 9, there were still approximately $4.17 billion in shares available for sale as part of Strategy’s “21/21 plan,” which aims to raise a total of $42 billion in equity offerings and fixed-income securities to fund future Bitcoin acquisitions.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.