Strategy (MSTR) Makes $2.5B Bitcoin Buy, Third Largest to Date


Strategy added 34,164 bitcoins to its assets last week, spending about $2.54 billion in one of the largest single purchases in its history, according to Monday’s filing.

The find it was created at an average price of $74,395 per bitcoin and brings the company’s total holdings to 815,061 BTC. The way it has now spent about $61.56 billion to collect bitcoin at an average price of $75,527 per coin. This is the third largest purchase of bitcoin in the Strategy.

With bitcoin trading close to $75,000, the firm is staying close to its value after adding purchases, leaving the holding close to a break-even after the recent market volatility.

Strategy has overtaken BlackRock in total savings and acquisitions. The firm led by Michael Saylor now has 815,061 BTC, more than BlackRock’s 802,823 BTC, which was mainly held through its bitcoin ETF products.