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Strategy completed its largest Bitcoin acquisition of the year last week, purchasing 22,337 BTC valued at $1.57 billion. The transaction was executed at an average cost of $70,194 per Bitcoin, expanding the company’s total cryptocurrency holdings to 761,068 BTC.
The firm’s cumulative Bitcoin investment has reached $57.61 billion, representing an average purchase price of $75,696 per coin across all acquisitions.
The purchase marked Strategy’s 12th uninterrupted weekly Bitcoin acquisition. Over the past fortnight alone, the company accumulated approximately 40,000 BTC, a holding size that surpasses nearly all other publicly traded corporations with Bitcoin treasury positions.
By volume, the transaction represents the fifth-largest weekly acquisition in Strategy’s corporate history.
The acquisition was predominantly financed through the STRC preferred stock initiative. Strategy generated $1.18 billion by distributing 11.8 million STRC shares. An additional $396 million was secured through the sale of 2.8 million MSTR common shares.
This is the first instance where STRC proceeds exceeded MSTR stock sales in funding a weekly acquisition. The shift coincided with STRC experiencing exceptional trading volume, making it the most actively traded preferred stock this month.
In premarket trading, MSTR started Monday more than 4% above the previous week’s closing price of $140. Shares briefly touched $149 before consolidating around the $145 level.
The equity move coincided with Bitcoin’s weekend price appreciation. BTC surged past $74,000 during Monday’s intraday session before moderating to approximately $73,600, reflecting a 24-hour gain of roughly 2.6%.
Bitcoin has appreciated 10% since February 28, the same period that coincided with the commencement of U.S. military operations against Iran.
Other cryptocurrency-exposed equities also advanced in premarket trading, including Coinbase (COIN) up 2.8% and Robinhood (HOOD) up 1.9%.
Michael Saylor previewed the acquisition on Sunday by sharing a visualization of Strategy’s Bitcoin holdings alongside the phrase “Stretch the Orange Dots,” referencing STRC, which is colloquially known as “Stretch,” being used to finance the transaction.
Market participants interpreted the message as foreshadowing another weekly acquisition, contributing to MSTR shares rising ahead of the official SEC disclosure Monday morning.
Strategy’s Monday regulatory filing confirmed the details: 22,337 BTC acquired for $1.57 billion at an average price of $70,194 per coin.
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