Strategy, formerly known as MicroStrategy, has made a significant move in the cryptocurrency market by acquiring over 20,000 Bitcoins for nearly $2 billion. This purchase brings the company’s total Bitcoin holdings to approximately 499,096 BTC, making it one of the largest corporate holders of the digital currency.
The Purchase Details Amount and Value: Strategy purchased 20,356 Bitcoins at an average price of $97,514 per Bitcoin, totaling approximately $1.99 billion. Funding: The purchase was funded through a $2 billion convertible notes offering, part of its ambitious plan to raise $42 billion over three years for further Bitcoin acquisitions. Total Holdings: With this acquisition, Strategy now holds nearly 2.3% of the total Bitcoin supply, a significant portion of the cryptocurrency’s fully diluted supply.