Strategy's Bitcoin Reserves Surpass 800,000 BTC Following $2.5B Acquisition of 34,164 Coins
In its third-largest Bitcoin acquisition to date, Strategy purchased 34,164 BTC for $2.54 billion during the past week.
The world's largest publicly traded Bitcoin holder, Strategy led by Michael Saylor, has surpassed the 800,000 BTC milestone in aggregate holdings following the disclosure of its most recent acquisition.
Between April 13 and 19, Strategy purchased 34,164 Bitcoin (BTC) worth $2.54 billion, as disclosed in an 8-K filing submitted to the US Securities and Exchange Commission on Monday.
By coin count, this acquisition represents Strategy's third-largest Bitcoin purchase in the company's history, trailing only the 55,500 BTC and 51,780 BTC purchases executed in November 2024.
Following a $1 billion Bitcoin purchase completed just one week prior, which brought the company's holdings to approximately 780,897 BTC, Strategy now possesses 815,061 BTC, acquired for a total of $61.56 billion.
At an average price of $74,395 per coin, the latest acquisition came in marginally below Strategy's overall average acquisition cost of $75,527.
More than 85% of Strategy's purchase financed through STRC funds
Consistent with several of the company's most recent acquisitions, the bulk of Strategy's latest Bitcoin purchase was financed via Stretch (STRC), the company's perpetual preferred security offering.
The filing reveals that STRC raised $2.18 billion, accounting for approximately 85.7% of the total proceeds, whereas sales of Class A common stock (MSTR) brought in $366 million.
Multiple new records for STRC were established during last week's activity, including the company's most significant single-day acquisition through its at-the-market, or ATM, program.
STRC established a new estimated daily record on April 13 with approximately 7,741 BTC, driven by the sale of 11.9 million shares executed through its at-the-market, or ATM, program, which produced over $1 billion in trading volume, as reported by STRC Live.
On the subsequent day, the stock achieved another milestone, with an estimated 9,364 BTC associated with 14.4 million shares sold via its at-the-market, or ATM, program. These two consecutive days yielded an estimated combined total of 17,204 BTC, representing a 518% increase compared to the four-week average.