According to a Monday press release, Strategy purchased an additional 220 Bitcoin between October 6 and 12 at an average price of $123,561 per coin.
Executive Chairman Michael Saylor confirmed the company’s total holdings have now reached 640,250 BTC, acquired for a total of $47.4 billion. The latest acquisition was funded through proceeds from the sale of its various perpetual preferred stock series (STRK, STRF, STRD).
The company has a comprehensive capital strategy involving multiple equity and debt instruments to fund its ongoing Bitcoin acquisitions.
