Michael Saylor‘s company has once again added to its crypto reserves, purchasing another 196 BTC for approximately $22,1 million at an average price of $113,048 per Bitcoin.
Strategy currently holds 640,031 BTC, worth approximately $71,8 billion, purchased at an average price of $73,983 per coin. Therefore, all these bitcoins cost the company approximately $47,4 billion, including fees and other expenses. This means Michael Saylor’s firm has already accumulated more than 3% of the total supply of 21 million BTC.
The most recent acquisitions were made using proceeds from the sale of Class A common stock, MSTR, Strife perpetual preferred stock, and Stride perpetual preferred stock in the market.
«I always accumulate bitcoins,» said company co-founder Michael Saylor, commenting on the purchase.
However, the rate of this accumulation is gradually slowing. For comparison, last week Strategy purchased 850 bitcoins for almost $99,7 million. However, this slight decline hasn’t prevented the company from remaining the top holders of the flagship cryptocurrency. Currently, 180 public companies are on this list.