Strategy has increased its Bitcoin repository by acquiring 15,355 more BTC in the last week. According to the SEC’s filing published on April 28, the company has spent over $1.42 billion on this purchase.
On average, the latest stash costs the firm $92,737 per BTC, while its current price hovers above $95,200. The recent acquisition of BTC pushed the Strategy’s total BTC collection to 553,555, worth over $52.7 billion as per the current market value of Bitcoin.
The BTC’s recent rally to $94,440 has catapulted the company’s entire acquisition of $37.9 billion in investment to $15 billion in unrealized profit.
Strategy’s CEO, Michael Saylor, announced the latest move via his official X account today. He added that the company’s year-to-date yield of 13.7% of BTC in its repository to attain its target of 15% by the year’s end.
Funding raised to procure new Bitcoin stockpile
As reflected in a new SEC filing, the company secured the funds through the proceeds of its stock sale to expand its Bitcoin holdings. Strategy raised $1.4 billion by selling its Class A common stocks worth $4 million and over 435,000 shares of its preferred stock series (STRK) to execute its latest purchase.
The company’s 8-K filing also reveals that it now has only $128.7 million worth of common stocks remaining for sale from its STRK At-The-Market program. The remaining outstanding stockpile equals 0.6% of the initial $21 billion initially stipulated in October 2024.
This new Bitcoin acquisition of Strategy is its second largest since its purchase of 22,048 BTC worth $1.92 billion in late March. At that time, the company had to pay $86,969 for each coin.
Strategy had also bought 6,556 Bitcoin during the April 14-20 week, costing them about $555 million, for $84,785 for each BTC.
