Strategy buys 1,550 BTC▲$63,604.00 as its total holdings rise to 845,256 BTC, according to a June 8 filing with the SEC.
Michael Saylor’s Strategy resumes its Bitcoin purchases after making an unusual sell order that received significant media coverage due to the firm’s long-term accumulation policy.
The company disclosed in a June 8 filing with the U.S. Securities and Exchange Commission that it bought 1,550 Bitcoin between June 1 and June 7 for about $101.3 million, at an average price of $65,332 per BTC.
The latest acquisition pushes the total amount of Bitcoins in Strategy’s possession to 845,256 BTC, with a market value of $53.1 billion using a BTC price of about $62,850, although the company says it has incurred costs of around $64 billion at an average cost of $75,680 per BTC.
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The purchase followed a rather modest transaction that still received lots of media attention.
Last week, Strategy sold 32 BTC, a very small number relative to its current balance. However, that particular transaction was particularly noteworthy given the way Strategy’s executive chairman Michael Saylor has consistently represented the company as a Bitcoin purchaser over the long term.
The latest filing shows Strategy used proceeds from its at-the-market stock program to buy the new Bitcoin.
Strategy still has nearly $26 billion available for future MSTR stock sales, according to the filing. It also has $17.5 billion available under STRC, its variable-rate perpetual preferred stock, $4 billion under STRD, its 10% perpetual preferred stock, $2.1 billion under STRK, its 8% perpetual preferred stock, and $1.6 billion under STRF, another 10% perpetual preferred stock.
