Michael Saylor · Strategy · Bitcoin · The Block
‘There’s always room for more orange’: Michael Saylor’s Strategy scoops up another 250 bitcoin for $21.5 million as holdings
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Bitcoin Bitcoin (BTC) treasury company Strategy Strategy, Inc. (MSTR) acquired an additional 250 BTC for approximately $21.5 million at an average price of $86,194 per bitcoin between Oct. 5 and Oct. 11, according to a press release on Monday.
Key facts
- Bitcoin Bitcoin (BTC) treasury company Strategy Strategy, Inc. (MSTR) acquired an additional 250 BTC for approximately $21.5 million at an average price of $86,194 per bitcoin between Oct. 5 and Oct
- Strategy now holds 848,250 BTC ($70.6 billion), bought at an average price of $75,444 per bitcoin for a total cost of around $64 billion, including fees and expenses, according to the company's
- For perspective, Strategy's holdings are equivalent to more than 4% of bitcoin's 21 million supply cap, and imply around $6.6 billion in paper gains at current prices
- As of Oct. 11, $18.8 billion worth of MSTR shares remain available for issuance and sale under that program, according to the release
Summary
Strategy now holds 848,250 BTC ($70.6 billion), bought at an average price of $75,444 per bitcoin for a total cost of around $64 billion, including fees and expenses, according to the company's co-founder and executive chairman, Michael Saylor. For perspective, Strategy's holdings are equivalent to more than 4% of bitcoin's 21 million supply cap, and imply around $6.6 billion in paper gains at current prices. Strategy made the latest acquisitions using proceeds from at-the-market sales of its Class A common stock, MSTR, and its USD Cash reserve. Strategy also repurchased 1,932,145 STRC preferred shares last week for around $192.4 million under its digital credit securities repurchase program.