Major Purchase: 34,164 Bitcoin Added to $2.5B Portfolio
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In an impressive move, Strategy has bolstered its Bitcoin holdings with the acquisition of 34,164 BTC at a cost of $2.54 billion. This transaction has propelled the company’s total Bitcoin assets to over 800,000 BTC, reinforcing its status as the leading public holder of Bitcoin globally.
This significant purchase took place between April 13 and April 19, as disclosed in an 8-K filing submitted to the US Securities and Exchange Commission on Monday. This acquisition stands as the third largest in the firm’s history, following earlier purchases of 55,500 BTC and 51,780 BTC made in November 2024.
With a recent $1 billion acquisition just a week prior, Strategy’s current holdings now reach 815,061 BTC, which collectively were obtained for $61.56 billion. The newly acquired Bitcoin was secured at an average price of $74,395 each, which is slightly below the firm’s overall average acquisition cost of $75,527.
Prior to announcing this latest acquisition, Strategy’s CEO, Phong Le, alluded to the purchase, generating anticipation. The company also recently revealed plans to introduce semi-monthly dividend payments for its Stretch (STRC) preferred security.
Le mentioned that moving towards paying semi-monthly dividends would position STRC uniquely in the market, claiming it to be the first security of its kind to offer such a payment schedule.
During the acquisition period, a significant portion of the funding was sourced from STRC. The filing indicated that STRC generated approximately $2.18 billion, amounting to about 85.7% of the total proceeds from the transaction, while sales of Class A common stock (MSTR) contributed an additional $366 million.
Last week proved to be groundbreaking for STRC, with records set for the largest daily buying activity through its at-the-market (ATM) program. On April 13, STRC executed sales of 11.9 million shares, securing around 7,741 BTC, which resulted in over $1 billion in trading volume. The following day continued this trend, with approximately 9,364 BTC linked to sales of 14.4 million shares. Over two days, the firm accumulated an estimated 17,204 BTC, representing a remarkable 518% increase compared to the average of the previous four weeks.
This latest acquisition underscores Strategy’s aggressive approach to Bitcoin as an asset class, reflecting its long-term commitment to holding significant amounts in digital currency as part of its investment strategy.
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Raj Patel
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