Strategy (formerly MicroStrategy) said it bought 10,645 bitcoin between Dec. 8 and Dec. 14 for about US$980.3 million (AU$1.4 billion), paying an average US$92,098 (AU$140K) per coin, according to an SEC filing.
The company now holds 671,268 BTC, keeping it far ahead of any other public company in disclosed bitcoin holdings.
Related: Bitcoin Premium in Michael Saylor’s Strategy Stock Nears ‘Crypto Winter’ Lows, But TD Cowen Still Sees 200% Upside
Bitcoin is currently trading at US$86K (AU$129K), a 3.5% decrease today and 18.5% in the year. Most of the downward pressure is being pushed by macroeconomic uncertainty and a risk-off sentiment by investors, as well as weak ETF inflows and liquidity.
Strategy says it has spent about US$50.3 billion (AU$76 billion) in total on bitcoin, including fees, at an average cost of US$74,972 (AU$114K) per BTC. Based on its stated valuation, the stash is worth close to US$60 billion (AU$91 billion), leaving roughly US$9.7 billion (AU$14 billion) in unrealised gains.
Strategy did not use operating income, but raised money by selling securities into the market, mainly shares of its Class A stock. Over the week, it sold about 4.8 million shares for roughly US$888.2 million (AU$1.35 billion). It also raised additional funds through several perpetual preferred stock offerings (STRK, STRF and STRD).
Strategy says it still has large remaining capacity to issue more stock and preferred shares. These sales are part of its “42/42” plan, which aims to raise US$84 billion (AU$128 billion) by 2027 through equity and convertible instruments, with the stated purpose of buying more bitcoin.
Related: Why MSCI’s Pending Decision Isn’t the Real Risk for MicroStrategy — or Bitcoin
The post Strategy Scoops $980M in Bitcoin as BTC Slides Toward Annual Lows appeared first on Crypto News Australia.



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