Michael Saylor’s Strategy, the largest corporate holder of Bitcoin, on Monday said it has purchased 6,220 BTC for $739.8 million. With the latest purchase, the company has increased its bitcoin holdings to 607,770 BTC.
Strategy purchased an additional 6,220 BTC at $118,940 per Bitcoin between July 14-20, according to an official announcement on July 21. The bitcoin purchases were made using proceeds from the MSTR Class A shares, STRK, STRF, and STRD shares at-the-market offerings.
Chairman Michael Saylor took to X to reach out to shareholders and the wider crypto community about the latest Bitcoin purchase worth $739.8 million.
He revealed that the company has achieved the BTC Yield of 20.8% year-to-date.
With the latest Bitcoin purchase, Strategy boosted its Bitcoin stash to 607,770 BTC, acquired for $43.610 billion at an average price of $71,756 per Bitcoin.
Last week, Strategy announced a purchase of 4,225 BTC for $472.5 million at an average price of 111,827 per Bitcoin.
Meanwhile, Strategy has launched its latest fundraising vehicle for additional bitcoin purchases. The STRC Preferred Stock, nicknamed “stretch” by the company, will have an initial dividend rate of 9%. The company is looking to sell 5 million shares at $100 each for a total of $500 million.
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