Strategy, the bitcoin-focused company (previously known as Microstrategy), has expanded its cryptocurrency holdings once again, purchasing an additional 535 BTC for approximately $43 million between May 4 and May 10, according to a filing with the Securities and Exchange Commission. The company paid an average price of $80,340 per bitcoin in the latest acquisition round, funded primarily through proceeds from at-the-market sales of its securities, including its Class A common stock, MSTR, and perpetual Stretch preferred stock, STRC. The latest purchases bring Strategy’s total bitcoin holdings to 818,869 BTC, acquired for around $61.9 billion at an average cost basis of $75,540 per bitcoin, including fees and expenses.
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