Strategy's 1,229 Bitcoin Purchase: Exciting Investors

Strategy Purchased 1,229 Bitcoins

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

Financing Strategy and Purchase Price

The purchases made by Strategy were financed through stock issuance, with an average purchase price of $88,568 per Bitcoin. This phase is considered part of the company's strategy to pivot towards cryptocurrency.

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. Despite the volatile fluctuations of Bitcoin throughout the year, Strategy continues to generate profits from these investments.

Cash Reserves and Expectations

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