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Strategy Buys 705 Bitcoin for $75M, Boosting Holdings to 580,955 BTC

  • Strategy purchased 705 BTC for $75.1M between May 26 and June 1 at an average price of $106,495 per coin.
  • Strategy now holds 580,955 BTC with a total acquisition cost of about $40.7 billion and an average cost per coin of $70,023.
  • To finance the purchase, Strategy used proceeds from at-the-market equity offerings, raising $74.6 million through two preferred stock classes.
  • Institutional confidence in Bitcoin grows as Strategy's Bitcoin holdings exceed $60 billion in value, making it the largest institutional holder of Bitcoin in the world.

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