Michael Saylor’s strategy, the largest public Bitcoin holder in the world, increased its holdings by a significant amount last week, moving closer to 800,000 BTC.
According to a Monday 8-K filing with the US Securities and Exchange Commission, Strategy purchased 13,927 Bitcoin for $1 billion between April 6 and 12.
Another purchase below the company’s average acquisition price of $75,577 was made at an average price of $71,902 per coin.
At a total cost of $59.02 billion, Strategy now has 780,897 BTC on its balance sheet. After purchasing more than 107,000 BTC so far this year, the company has 19,103 BTC remaining to reach 800,000 BTC.
The filing states that profits from Strategy’s permanent preferred equity, Stretch (STRC), were used to finance the $1 billion in purchases.
Last week, the company sold 10 million STRC shares, bringing in almost $1 billion in net revenues and notional value. During that time, no shares of STRF, STRK, STRD, or MSTR stock were sold.
Last week, STRC posted its second-largest weekly issuance ever, over three times the four-week average, according to STRC.live. Since Strategy changed its sales guidelines in early March, the company has seen record share sales in recent weeks.
Source: X.com
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