Saylor’s Strategy Inc. Adds 2,932 Bitcoin in $264 Million Purchase

• The company paid for Bitcoin with funds it raised by selling its own stock.
• Strategy’s total Bitcoin holdings now stand at approximately 712,647 BTC.
• Earlier, the firm also reported buying over 22,000 Bitcoin for about $2.13 billion.

Michael Saylor’s firm, Strategy (formerly called MicroStrategy), has bought 2,932 more Bitcoins. The company spent about $264 million on the purchase, paying an average of just over $90,061 for each coin.

The purchase was funded by net proceeds from the sale of Strategy’s own securities under its at-the-market offering program. This means that the company is essentially using new shareholder investment to keep buying Bitcoin.

After this latest buy, Strategy now holds around 712,647 Bitcoin. This makes it the biggest corporate holder of Bitcoin in the world, representing roughly 3.4% of all Bitcoin’s fixed supply with a total v…

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