Strategy (MSTR), the largest publicly traded company holding bitcoin (BTC), increased its BTC reserves by acquiring 4,225 BTC for a total of $472.5 million last week.
This latest addition brings Strategy’s total bitcoin holdings to 601,550 BTC purchased for $42.87 billion, representing an average acquisition price of $71,268 per coin. At bitcoin’s current market price of around $121,500, the company’s BTC stack is valued at approximately $73 billion.
Strategy financed the purchase through $330.9 million of net proceeds from common share sales under its at-the-market program, along with $71.1 million from STRK preferred shares, $55.3 million from STRF preferred shares, and $15.0 million from STRD preferred shares.
Altogether, these transactions generated $472.3 million in net proceeds to fund the latest bitcoin acquisition. MSTR shares rose 2.50% percent to $445.
Public firms continue BTC buys
Several other companies have also disclosed new bitcoin acquisitions on Monday. Sequans (SQNS) purchased 683 BTC, bringing its total holdings to 1,053 BTC.
K33 (K33 AB) acquired 36 BTC and now holds 121 BTC, crossing the threshold of more than 100 bitcoin. Tao Alpha (SATS) bought its first 28.56 BTC.
The Blockchain Group acquired 29 BTC, lifting its total reserves to 1,933 BTC. In addition, to Metaplanet’s (3350) 797 BTC purchase.