Strategy company acquires a significant amount of Bitcoin, increasing its assets. Learn more about the purchase and financial details.
Under the leadership of Michael Saylor, the Strategy company purchased 6,911 bitcoins worth over $584 million between March 17th and 23rd, with an average price of $84,529 per coin, increasing its assets. According to today’s report to the U.S. Securities and Exchange Commission, Strategy now holds more than 500,000 bitcoins. The total bitcoin assets of the company have reached 506,137 units, purchased at an average price of $66,608 per bitcoin, totaling about $33.7 billion. This purchase took place one day after announcing the pricing of the latest series of preferred stocks on March 21st. The preferred stocks were sold at $85 per share with a 10% coupon, expected to bring in approximately $711 million in revenue for the company.
