Stratgy, a prominent business intelligence software platform, has recently expanded its Bitcoin ($BTC) holdings. As per Michael Saylor, the chairman of Strategy, the platform has purchased up to 285.8M in Bitcoin ($BTC) between the 7th and 13th of this month. The chairman took to social media to disclose this Bitcoin purchase.
Strategy Adds $285.8M Additionally in Bitcoin Holdings
Apart from announcing the purchase of $285.8M in Bitcoin ($BTC). Michael Saylor also shared the Form 8-K filing. The respective $BTC buyout has increased the cumulative Bitcoin holdings of Strategy to a stunning 531,644 $BTC. The average price for the respective purchase reportedly equals $67,556 per $BTC,
The platform financed this Bitcoin acquisition through its at-the-market equity providing program. It generated almost $285.7M by selling 959,712 shares of $MSTR, which is Strategy’s Class common stock. As of the 13th of April, nearly $2.08B in $MSTR shares were still available for release in line with the $21B ATM project that has been working since October last year.
Exclusive Bitcoin Acquisition Highlights Potential for Further $BTC Buyouts
According to Michael Saylor, Strategy has acquired $285.8M, accounting for $82,618 per-$BTC while achieving a Bitcoin yield of nearly 11.4% year-to-date. Simultaneously, Saylor is positive about the Bitcoin as it potentially serves as the finest asset for strategic reserve irrespective f the recent crypto volatility. The latest $BTC acquisition points toward the potential to extend its Bitcoin holdings.
