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3w ago

Strategy Marks Fifth Bitcoin-Standard Anniversary With Smallest Weekly Buy

Its $18 million acquisition raises reserves to nearly 629,000 BTC, underscoring a funding model built around preferred-stock sales.

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Michael saylor's strategy adds $18m of bitcoin on five year anniversary of first purchase
Photo: Chris Kleponis/CNP/Bloomberg

Overview

  • On August 11, Strategy purchased 155 BTC for $18 million at an average price of $116,401, marking its smallest weekly buy since mid-March.
  • The latest acquisition brings total holdings to 628,946 BTC, valued at about $76 billion and representing roughly 3 percent of Bitcoin’s fixed supply.
  • Proceeds from Series A perpetual preferred-stock offerings (STRF) and the STRC IPO funded the August purchase.
  • A tweet by Executive Chairman Michael Saylor hinting at continued buying preceded the disclosure in an SEC filing.
  • Strategy’s multi-year accumulation strategy has driven high trading volumes for its shares and inspired public firms to amass nearly one million BTC collectively.