Strategy Inc. has extended its relentless Bitcoin (BTC) buying spree by purchasing an additional $1.28 billion worth of Bitcoin.
This comes after Michael Saylor, the company's executive chairman, teased the purchase on Thursday.
Approaching 740,000 BTC
According to a Form 8-K filed with the U.S. Securities and Exchange Commission (SEC), the corporate intelligence and software firm acquired 17,994 Bitcoin (BTC) between March 2 and March 8. Its average purchasing price was $70,946 per BTC.
With this latest purchase, Strategy's total aggregate Bitcoin holdings have reached a staggering 738,731 BTC.
The company has spent a total of $56.04 billion to build this reserve. Its average purchase price currently stands at $75,862 per coin.
The latest purchase has been financed with the help of the company'ss at-the-market (ATM) offering program.
During the same March 2 to March 8 window, the company raised approximately $1.276 billion in net proceeds through the sale of both common and preferred stock:
The company still has over $6.7 billion available for issuance under its MSTR common stock program, and tens of billions available across its various preferred stock tiers (including STRF, STRC, STRK, and STRD).
Dan Burgin
Vladislav Sopov
