Financial Insights That Matter
Strategy has acquired an additional 4,020 BTC for $427.1 million at an average purchase price of $106,237 per Bitcoin.
According to a May 26 statement, Strategy funded its latest Bitcoin purchase by selling several equity instruments between May 19 and 25. This included 847,000 shares of its Class A common stock (MSTR), generating $348.7 million in net proceeds.
It also raised $67.9 million from selling 678,970 shares of its perpetual strike preferred stock (STRK), and another $10.4 million from 104,423 shares of its Series A perpetual strife preferred stock (STRF).
This recent buy is the company’s fourth Bitcoin accumulation in May, equivalent to roughly nine days of new BTC supply. It also marks Strategy’s first purchase following Bitcoin’s climb to a new all-time high of more than $111,000.
Strategy now holds 580,250 BTC, equivalent to about 2.76% of Bitcoin’s total supply of 21 million coins, and is the largest corporate Bitcoin holder.
The company has spent an estimated $40.6 billion on its Bitcoin position, with an average cost of $69,979 per coin. Based on the current market value, its holdings are worth $63.8 billion, translating to unrealized profits of more than $23 billion.
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