Strategy Purchases 130 More Bitcoin, Now Holds Over 499,000 BTC

Strategy (NASDAQ:MSTR) has added 130 more Bitcoin (CRYPTO: BTC) to its already massive digital asset reserves, bringing its total BTC holdings to 499,226.

What Happened: According to an SEC filing, the purchase, completed between March 10 and Marc 16, cost the company approximately $10.7 million, at an average price of just under $83,000 per Bitcoin.

Michael Saylor, the firm’s executive chairman and co-founder, said the company’s cumulative Bitcoin purchase cost now stands at about $33.1 billion, averaging around $66,360 per Bitcoin.

Strategy’s Bitcoin stash currently represents over 2.3% of the total 21 million bitcoins that will ever be mined.

The acquisition comes as Strategy proceeds with plans to raise as much as $21 billion through a newly launched preferred stock program.

The company disclosed that it sold roughly $10.7 million worth of its STRK shares …

Full story available on Benzinga.com

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