Strategy reported a $116 million purchase of 1,283 Bitcoin, raising holdings to 673,783 Bitcoin and cash reserves to $2.25 billion. The Bitcoin was purchased at an average price of approximately $90,391 per coin. The purchase implied an aggregate acquisition cost of about $75,026 per Bitcoin and a market value of roughly $62.6 billion at current prices. Funding for the transaction came from proceeds generated through the company’s at-the-market offering.
In a separate disclosure, Strategy reported an increase of $62 million in its U.S. dollar cash reserves, bringing the total balance to $2.25 billion. Co-founder and executive chairman Michael Saylor stated that the cash reserves are intended to support dividend payments, preferred stock obligations, and interest on outstanding debt. The latest purchase also follows a December capital raise in which Strategy added $747.8 million in net proceeds to its cash reserves through the sale of common stock.
Strategy’s Bitcoin-focused treasury strategy has coincided with similar approaches adopted by other public companies. Among them is Metaplanet, which has reported holdings of 35,102 Bitcoin. Data from Bitcointreasuries indicates that publicly traded companies collectively hold approximately 1.09 million Bitcoin, representing about 5.21% of the total Bitcoin supply.
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