Strategy Company buys Bitcoin for $2.1 billion and raises its holdings to more than 709 thousand Bitcoin
Strategy Company, the largest publicly traded company holding Bitcoin in its treasury, announced that it added 22,305 BTC at an average price of approximately $95,284 per coin, according to its latest disclosure.
The value of the transaction was about $2.1 billion.
The company explained that the financing came from net proceeds raised through the sale of common and preferred shares as part of its market offering program.
After this operation, "Strategy"'s holdings rose to 709,715 Bitcoin valued at approximately $65 billion, reinforcing its position as the largest "Bitcoin treasury" among companies.
In a related context, "Strategy" shares fell by about 5% in pre-opening trading.
The company's stock is seen by some institutional investors as a way to gain indirect exposure to Bitcoin, without the need for direct holding or custody management.
