Strategy Buys 1,550 Bitcoin, Expands Holdings to 845,256 BTC

Strategy purchased 1,550 Bitcoin for approximately $101.3 million last week, paying an average of $65,332 per BTC and bringing its total holdings to 845,256 BTC. The company’s aggregate Bitcoin stack was acquired at an average price of $75,680 per coin, for a total cost of about $63.97 billion.

The latest acquisition was funded with proceeds from sales of Class A common stock through Strategy’s at-the-market offering, which generated $181 million in net proceeds during the first week of June. At Bitcoin’s current price of about $63,600, the holdings are worth roughly $53.8 billion, and the company’s shares rose 6.55% in pre-market trading to $126.90.

Shareholders also approved a change to the dividend payment cadence for STRC preferred stock, moving to semi-monthly payments on the 15th and at month-end. The new schedule will begin on July 15 for shareholders of record on June 30. This purchase resumes Strategy’s accumulation after a controversial sale of 32 BTC, its first since 2022.

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