Strategy purchased 535 bitcoin last week for about 43 million dollars at an average price of 80,340 dollars per coin. The acquisition came days after the company signaled it might sell some holdings to fund dividends or retire debt. Executive chairman Michael Saylor said any such sales would have minimal net impact.
Michael Saylor announced the purchase on X on Monday. The transaction brought Strategy's total bitcoin holdings to 818,869 coins acquired for 61.86 billion dollars at an average cost of 75,540 dollars per coin. The buys were funded by sales of common stock, according to a May 11 SEC filing.
