Strategy adds 592 BTC for $40M in 100th Bitcoin purchase

Strategy bought 592 Bitcoin for $39.8 million in its 100th purchase, increasing holdings to 717,722 BTC.

Strategy bought 592 Bitcoin for about $39.8 million last week, marking its 100th purchase since the company adopted its Bitcoin-focused treasury strategy in August 2020.

The latest purchase brings the company’s total holdings to 717,722 BTC, acquired at an aggregate cost of $54.56 billion, according to a US Securities and Exchange Commission filing on Monday. The newly acquired Bitcoin was purchased at an average price of $67,286 per BTC, inclusive of fees and expenses.

The purchases were funded through the sale of 297,940 shares of Strategy’s Class A common stock under its at-the-market (ATM) offering program between Tuesday and Sunday. The sales generated net proceeds of about $39.7 million, according to the filing.

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