Michael Saylor’s company, Strategy, the world’s largest public Bitcoin holder, has once again added to its giant digital stash. The firm shared today that it bought 3,081 Bitcoin for $356.9 million last week.
According to the filling with the U.S. Securities and Exchange Commission (SEC), the purchase happened as the price of Bitcoin dropped to $112,000 on Thursday, with Strategy paying an average of $115,829 per coin.
With this, Strategy now owns a total of 632,457 BTC, which at today’s market value, is worth about $70 billion. Over the years, the company has spent around $46.5 billion to collect these coins, which means its average cost is $73,527 per Bitcoin. That also means the company is currently sitting on about $23.5 billion in gains, since the market price is much higher than the amount it paid.
Strategy Sells 875 MSTR Shares to Fund Purchase
Strategy said it funded this through funds it raised from selling shares and preferred stock stock.
Between August 18 and 24, the company sold 875,301 of its MSTR shares, which brought in $309.9 million in net proceeds.
It also sold 210,100 shares of its 8% Series A Perpetual Strike preferred stock for $20.4 million, 237,336 shares of its 10% Series A Perpetual Strife preferred stock for $26.6 million, and 944 shares of its 10% Series A Perpetual Stride preferred stock for $0.1 million. The recent, filing confirmed no sales were made under its floating-rate Series A Perpetual Stretch preferred during the time
3,666 BTC Purchased in One Month
The company’s bitcoin purchase this month alone is not as much every other month. So far this month, it has bought 3,666 BTC, including the 3,081 Bitcoin reported on Monday.
This is much lower than July, when the company bought 31,466 BTC, or June, when it bought 17,075 BTC. With one week still left in August, it is uncertain if Strategy will make another large purchase or keep its slower pace.
Michael Saylor has often said he is not worried about timing the market. “I’m going to be buying the top forever. Bitcoin is the exit strategy,” the Strategy co-founder said in 2024.
The company also tracks its Bitcoin yield, a metric comparing its BTC holdings to its diluted shares. This yield reached 25.4% as of Monday and follows Strategy’s decision to raise its 2025 target from 25% to 30%. Its year-to-date Bitcoin gain now stands at 113,524 BTC, according to official company data.
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