Strategy's 1.229 Bitcoin Purchase: Exciting Investors

Strategy Purchased 1,229 Bitcoin

Attention-grabbing developments continue in the investment world. Strategy (MSTR) announced that it purchased a total of 1,229 Bitcoin (BTC) for approximately $108.8 million between December 22-28. These purchases are also documented in the official filings submitted by the company to the U.S. Securities and Exchange Commission (SEC).

Financing Strategy and Purchase Price

The purchases made by Strategy were financed through a stock issuance, and the average purchase price per Bitcoin was recorded at $88,568. This step is considered a part of the company's strategy to lean towards cryptocurrencies.

Total Bitcoin Holdings and Values

Following this latest purchase, Strategy’s total Bitcoin holdings reached 672,497. The total market value of the Bitcoins held by the company is approximately $50.4 billion, while the average cost is determined to be $74,997. While many investors are concerned due to Bitcoin’s volatile trend throughout the year, Strategy continues to profit from these investments.

Cash Reserves and Expectations

Last week, Strategy increased its cash reserves but did not make a new Bitcoin purchase. This situation raises curiosity among investors about how the company will shape its future strategies.