Strategy Boosts Bitcoin Holdings to 580,955 BTC

Strategy, previously known as MicroStrategy, has expanded its Bitcoin holdings by purchasing an additional 705 BTC for approximately $75.1 million, at an average price of $106,495 per Bitcoin, as per a recent SEC filing. The total holdings of Strategy now amount to 580,955 BTC, valued at over $60 billion, purchased at an average price of $70,023 each, with an estimated cost of about $40.7 billion including fees. The recent acquisitions were funded through sales of preferred stocks STRK and STRF. The company sold STRK and STRF shares for substantial amounts last week, leaving significant shares available under each program. Moreover, Strategy's fundraising plan, the "42/42" plan, aims to raise $84 billion by 2027 for further Bitcoin acquisitions, suggesting continued expansion. Despite the slowing acquisition pace noted by analysts, with competitors also building Bitcoin treasuries, Strategy remains a key player in the crypto investment scene.