Strategy Acquires 4,225 BTC for $472.5 Million

Bitcoin treasury company Strategy (formerly MicroStrategy) has acquired 4,225 BTC at a cost of approximately $472.5 million, averaging $111,827 per bitcoin, from July 7 to July 13, as reported in an 8-K filing with the SEC. This brings Strategy's total BTC holdings to 601,550, valued at over $73 billion, purchased at an average of $71,268 per bitcoin, resulting in around $30 billion in unrealized gains. These recent purchases were funded by proceeds from the sale of its Class A shares and perpetual preferred stocks. Last week, Strategy sold 797,008 MSTR shares for around $330.9 million, with $17.78 billion worth of MSTR shares still available. They also sold STRK shares for $71.1 million and others, maintaining substantial liquidity for potential future acquisitions. Saylor indicated a potential upcoming bitcoin acquisition, referencing, "Some weeks you don’t just HODL." This followed a brief pause in acquisitions, which aligned with their Q2 results announcement, showing a significant unrealized gain in their digital assets. In the ongoing corporate race to accumulate bitcoin, 141 public companies have adopted similar strategies. Strategy's current valuation remains high relative to its bitcoin holdings, raising some investor concerns. Nonetheless, analysts believe their low debt levels and strong capital structure position them well for the future. MSTR's stock price saw a 3% increase recently, aligning with a notable bitcoin price surge above $123,000.