The acquisition cost $449.3 million, with the company paying an average of $110,981 per coin.
\nFollowing the latest acquisition, Strategy\u2019s total Bitcoin holdings rose to 636,505 BTC.
\nThe company\u2019s latest purchase follows a series of smaller acquisitions in August.<\/p>\n
Strategy, the world\u2019s largest public company holding Bitcoin, led by Michael Saylor, disclosed in a US Securities and Exchange Commission filing on Tuesday that it purchased 4,048 Bitcoin between August 25 and September 1.<\/p>\n
The acquisition cost $449.3 million, with the company paying an average of $110,981 per coin.<\/p>\n
According to CoinGecko data cited in the filing, the purchases were made as Bitcoin prices briefly climbed above $113,000 before dropping below $108,000 last Friday.<\/p>\n
Following the latest acquisition, Strategy\u2019s total Bitcoin holdings rose to 636,505 BTC.<\/p>\n
The company has acquired its reserves for approximately $46.95 billion, at an average purchase price of $73,765 per coin.<\/p>\n
The company said the latest acquisitions were financed through proceeds from at-the-market sales of its Class A common stock (MSTR) as well as its perpetual preferred stock programs, including Strike (STRK), Strife (STRF), and Stride (STRD).<\/p>\n
Strategy reported that it sold 1,237,000 MSTR shares for $425.3 million, with $16.31 billion still available for issue under its at-the-market program.<\/p>\n
In addition, the company sold 199,509 STRK shares for about $19 million, with $20.39 billion remaining, 237,931 STRF shares for $26.5 million, with $1.8 billion remaining, and 12,973 STRD shares for $1 million, leaving $4.17 billion available.<\/p>\n
The company\u2019s latest purchase follows a series of smaller acquisitions in August.<\/p>\n
Strategy had announced the purchase of 3,081 BTC last week, along with earlier acquisitions of 430 BTC and 155 BTC in the same month.<\/p>\n
Combined with the most recent purchase, the company acquired 7,714 BTC in August, significantly lower than the 31,466 BTC bought in July.<\/p>\n
Saylor had signalled the likelihood of additional acquisitions ahead of the filing, posting an update to Strategy\u2019s Bitcoin tracker over the weekend, saying Bitcoin was \u201cstill on sale.\u201d<\/p>\n
The company also confirmed that a group of investors dropped a class action lawsuit on Thursday.<\/p>\n
The lawsuit, filed in May, alleged that Strategy had made false and misleading statements about its investment strategy.<\/p>\n
According to data from Bitcoin Treasuries, 163 public companies have adopted some form of Bitcoin acquisition model.<\/p>\n
Other large holders include MARA with 50,639 BTC, Tether-backed Twenty One with 43,514 BTC, Adam Back and Cantor Fitzgerald-backed Bitcoin Standard Treasury Company with 30,021 BTC, Bullish with 24,000 BTC, Metaplanet with 20,000 BTC, Riot Platforms with 19,239 BTC, Trump Media & Technology Group with 15,000 BTC, CleanSpark with 12,703 BTC, and Coinbase with 11,776 BTC.<\/p>\n
\u00a0<\/p>\n
The post Michael Saylor\u2019s Strategy buys the Bitcoin dip, adds 4,048 BTC<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The acquisition cost $449.3 million, with the company paying an average of $110,981 per coin. Following the latest acquisition, Strategy\u2019s total Bitcoin holdings rose to 636,505 BTC. The company\u2019s latest purchase follows a series of smaller acquisitions in August. Strategy, the world\u2019s largest public company holding Bitcoin, led by Michael Saylor, disclosed in a US […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-4728","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=4728"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4728\/revisions"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=4728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=4728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=4728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}