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Saylor’s Strategy Inc. Adds 2,932 Bitcoin in $264 Million Purchase
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Strategy (formerly MicroStrategy) purchased 2,932 Bitcoins for approximately $264 million, averaging over $90,061 per coin. The company now holds about 712,647 BTC, making it the largest corporate Bitcoin holder, which is 3.4% of Bitcoin's total supply. The purchase was funded by proceeds from the sale of its own stock.
- 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…
Read The Full Article Saylor’s Strategy Inc. Adds 2,932 Bitcoin in $264 Million Purchase On Coin Edition.
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$ 0.00316
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$ 87.64K
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Strategy purchased $264 million in bitcoin last week, a slowdown from recent acquisition pace
Strive’s preferred equity blueprint for Strategy’s $8 billion convertible debt overhang
Saylor’s Strategy Inc. Adds 2,932 Bitcoin in $264 Million Purchase
Share:
Strategy (formerly MicroStrategy) purchased 2,932 Bitcoins for approximately $264 million, averaging over $90,061 per coin. The company now holds about 712,647 BTC, making it the largest corporate Bitcoin holder, which is 3.4% of Bitcoin's total supply. The purchase was funded by proceeds from the sale of its own stock.
- 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…
Read The Full Article Saylor’s Strategy Inc. Adds 2,932 Bitcoin in $264 Million Purchase On Coin Edition.
In This News
Coins
$ 87.64K
-0.38%$ 0.00316
Share:
In This News
Coins
$ 87.64K
-0.38%$ 0.00316
Share:
Read More
Strategy purchased $264 million in bitcoin last week, a slowdown from recent acquisition pace