Michael Saylor’s Strategy Adds 22,337 Bitcoin in $1.57B Weekly Purchase

Strategy, has expanded its treasury with another major purchase. The company acquired 22,337 Bitcoin last week for approximately $1.57 billion, according to a recent filing. The purchase was made at an average price of $70,194 per coin, increasing Strategy’s total holdings to 761,068 Bitcoin.

The firm has spent roughly $57.61 billion building its Bitcoin treasury, with an average acquisition price of about $75,696 per coin. In terms of volume, the latest transaction ranks as the company’s fifth-largest weekly Bitcoin purchase.

Funding Structure Behind the Purchase

Most of the latest acquisition was financed through the sale of the company’s STRC series of preferred stock, which generated about $1.1 billion. Additional funding came from $396 million raised through the sale of common shares.

Market Reaction and Bitcoin Price Movement

The announcement came as Bitcoin traded around $73,600, rising about 2.6% over the previous 24 hours. Shares of Strategy also moved higher in pre-market trading, gaining roughly 4% alongside the broader increase in Bitcoin prices.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.