Strategy Boosts Bitcoin Holdings Above $47 Billion With Latest Buy
Strategy has consistently purchased Bitcoin since mid-March, acquiring 6,500 BTC last week for $556 million, bringing its total holdings to 538,000 BTC valued at approximately $46.8 billion as Bitcoin prices exceeded $87,000. The company financed this acquisition with proceeds from two equity offerings, generating $548 million by issuing Class A common shares and $8 million from preferred stock sales. Despite market uncertainties, including economic concerns related to U.S. trade policies, Strategy has continued its aggressive Bitcoin buying strategy. Over the last six weeks, it has purchased Bitcoin on five separate occasions, with transaction sizes varying significantly. The company's recent activity reflects a growing trend among investors to shift capital into hard assets amid rising inflation concerns, as noted by analysts. Strategy, which is now publicly traded on the Nasdaq 100, has seen increased institutional interest, holding substantial direct and indirect investor exposure to Bitcoin.
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