Strategy Bitcoin Holdings increased after the company bought 34,164 BTC▼$63,301.00 using funds from a $2.5 billion stock sale.
Strategy’s Bitcoin reserve just got bigger after another aggressive buy, with the company purchasing 34,164 BTC using roughly $2.54 billion raised through stock sales.
With the latest purchase, the company’s total holdings soared to around 815,061 BTC, putting the position at roughly $55 billion based on current market prices.
Read also: Strategy Signals Another Major Bitcoin Purchase
In a regulatory filing with the U.S. Securities and Exchange Commission, the company said it has now spent over $61.5 billion in total to accumulate its Bitcoin war chest, with an average purchase Bitcoin price of around $75,527.
- The latest purchase comes just a few days after the company’s prior Bitcoin buy completed between April 6 and April 12, when Strategy acquired 13,927 BTC for about $1 billion.
In the meantime, demand from institutional investors has been picking up again. U.S. spot Bitcoin ETF flows recorded about $996 million in net inflows for the week ending April 17, the strongest weekly total since mid-January, per data from SoSoValue.
Total assets held by spot Bitcoin ETF funds have climbed back above $100 billion, recovering from earlier outflows.
Read more: Crypto Hedge Funds Pivot to Oil, Gold as Bitcoin Profits Shrink
