The recent acquisitions made by Michael Saylor’s Strategy, the biggest public Bitcoin holder in the world, have propelled the firm’s total holdings above 800,000 BTC.
On Monday, Strategy filed an 8-K with the US Securities and Exchange Commission, stating that between April 13 and 19, the company bought 34,164 Bitcoin for $2.54 billion. Strategy has acquired 55,500 BTC and 51,780 BTC in November 2024, the two highest Bitcoin acquisitions on record, respectively. This deal ranks as their third-greatest acquisition by coin count.
The firm currently owns 815,061 BTC, acquired for $61.56 billion, up from 780,897 BTC following a $1 billion acquisition only one week earlier. A little lower than the company’s average purchase price of $75,527, the new acquisition was completed at an average price of $74,395 per coin.
Strategic Approach
The bulk of Strategy’s most recent acquisition, like a few others, has been financed via Stretch (STRC), the perpetual preferred security of the firm. The report states that out of the total proceeds, STRC brought in $2.18 billion, or about 85.7%, while MSTR’s Class A common stock sales brought in $366 million.
The at-the-market (ATM) program set a new record for the company’s greatest single-day purchasing binge last week, among other milestones set by STRC last week.
According to STRC Live, the trading volume on April 13 reached over $1 billion, with 11.9 million shares sold via the at-the-market (ATM) program, setting a new daily record of about 7,741 BTC.
A further record was achieved the day after that for the stock when its at-the-market (ATM) program sold an estimated 14,4 million shares corresponding to 9,364 BTC. With a combined total of 17,204 BTC, the two days represented a 518% increase compared to the four-week average.