Strategy, the largest corporate holder of Bitcoin, purchased 13,927 BTC worth $1 billion between April 6 and April 12 at an average price of $71,902 per coin.
The company announced that it now holds 780,897 bitcoins (about 4% of the total supply of the first cryptocurrency), having spent more than $59.02 billion on acquiring them since 2020.
Strategy financed the new batch of the first cryptocurrency by selling 10,028,363 STRC preferred shares on the market, worth approximately $1 billion. As of the evening of Monday, April 13, $21.6 billion worth of STRC shares remain available for issuance and sale.
The STRK, STRC, STRF, and STRD perpetual preferred share offering programs, totaling $21 billion, $4.2 billion, $2.1 billion, and $4.2 billion, are part of the company’s “42/42” plan. Strategy’s plan calls for raising $84 billion through equity and convertible bond offerings.
The company acquired its first batch of Bitcoin on August 11, 2020. As part of this transaction, the company spent $250 million to purchase 21,454 BTC, making the cryptocurrency its primary reserve asset.
Earlier, Strategy Chairman Michael Saylor stated that the Bitcoin market recovery could take between two and seven years.
