- Strategy buys 430 BTC, expanding holdings to 629,376 total.
- Capital-funded programs drive Bitcoin purchases, securing billions in assets.
- Strategy’s Bitcoin stash grows to $72.4 billion, paper gains soar.
According to recent disclosures, Bitcoin treasury giant Strategy has purchased 430 BTC for $51.4 million. This brings its total holdings to about 629,376 BTC, making the company the largest publicly traded Bitcoin holder.
Strategy paid an average of $119,666 per Bitcoin in this purchase. It financed the purchase with proceeds of its capital-markets-funded programs. Between August 11 and 17, the company sold 179,687 Series A Perpetual Strike (STRK) stocks at a face value of $18.0 million, realizing net proceeds of $19.3 million.
It also sold 162,670 Series A Perpetual Strife (STRF) shares at a face value of $16.3 million and a net of $19.0 million. The company also sold 140,789 Series A Perpetual Stride (STRD) shares at a face value of $14.1 million and net proceeds of $12.1 million.
The company’s preferred stock programs finance its Bitcoin purchases. Such programs give Strategy the freedom to acquire more assets. According to an SEC filing, Strategy has billions of dollars of remaining capacity to take preferred programs.
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Continued Bitcoin Accumulation Under the 42/42 Strategy
The total Bitcoin assets owned by Strategy are approximately $72.4 billion. This has been done through several purchases at an average price of $73,320 per coin. The company has registered huge paper profits, recorded as $26.2 billion. That is because it has been disciplined and strategic in acquiring Bitcoin.
Strategy’s “42/42” plan aims to raise $84 billion for Bitcoin acquisitions by 2027. The business aims to invest more in its assets, but it will rely on both equity and convertible notes. This scheme is an extension of the firm’s long-term Bitcoin accumulation strategy.
Strategy’s Bitcoin acquisitions speak to an increased institutional interest in the digital asset. Employing different financing models, Strategy remains dedicated to its objective of owning greater quantities of Bitcoin.
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