Strategy's 1.229 Bitcoin Purchase: Exciting Investors

Strategy Purchases 1,229 Bitcoin

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

Financing Strategy and Purchase Price

These purchases by Strategy were financed through stock issuance, with an average purchase price of 88,568 dollars per Bitcoin recorded. This step is considered part of the company’s strategy to embrace cryptocurrencies.

Total Bitcoin Holdings and Values

Following this recent purchase, Strategy's total Bitcoin holdings reached 672,497. The total market value of the company's Bitcoin is approximately 50.4 billion dollars, while the average cost is determined to be 74,997 dollars. Despite the volatile fluctuations of Bitcoin throughout the year, Strategy continues to generate profit from these investments.

Cash Reserves and Expectations

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