Strategy Buys 520 Bitcoin for $34.9 Million, Raises USD Reserve to $1.4 Billion
Strategy bought 520 Bitcoin for $34.9 million at an average price of $67,068 each, taking its holdings to 847,363 BTC, and increased its USD reserve by $300 million to $1.4 billion. The company said it plans to continue replenishing the reserve to support the credit quality of its Digital Credit securities.
An 8-K filing showed Strategy sold 2.71 million MSTR shares between June 15 and June 21 through its at-the-market program, generating $335.5 million in net proceeds, part of which funded the purchase. The filing listed total Bitcoin holdings acquired for $64.1 billion at an average cost of $75,651 per coin; Michael Saylor had hinted at another purchase a day earlier with a post reading, “Looks better with more dots.”
From the sources (25 posts)
@saylorLooks better with more dots.
@coinmarketcapLATEST: 💰 Michael Saylor: Would you rather have Strategy buy 200,000 Bitcoin a year and sell 10,000, or buy no Bitcoin and sell no Bitcoin?
@bitcoinmagazineJUST IN: Michael Saylor hints that Strategy bought more bitcoin 🚀
@cryptoroverNOW: 💥 Michael Saylor hints at Strategy $MSTR buying more Bitcoin.
@cointelegraph🚨 SAYLOR: "Looks better with more dots." Looks like Saylor wants to buy the dip.
@kalshi_cryptoJUST IN: Michael Saylor hints at buying more Bitcoin
@cointelegraph🔥 JUST IN: Strategy bought 520 BTC for $34.9M. They now hold 847,363 $BTC
@cryptoroverNEW: 🚀 Strategy bought 520 BTC for $34.9M.
@saylorStrategy has increased its USD Reserve by $300 million to $1.4 billion and plans to continue replenishing it to support the credit quality of its Digital Credit securities. We also acquired 520 BTC for $35 million, increasing our $BTC Reser
@bitcoinmagazineJUST IN: Michael Saylor announces Strategy bought 520 more bitcoin for $35 million, now holds 847,363 BTC 🚀
@kalshi_cryptoJUST IN: Michael Saylor's 'Strategy' buys $35M worth of Bitcoin
@wublockchainStrategy Sells $335.5M MSTR Shares, Acquires 520 BTC at Average Price of $67,068 Strategy disclosed in an 8-K filing that it sold 2.71 million MSTR shares between June 15 and June 21, generating $335.5 million in net proceeds through its A
@tyler_did_itStrategy has added $500M in cash over the past 3 weeks STRC back over $90 on the news
@cointelegraph🔥 JUST IN: Strategy increased its USD reserve by $300M to $1.4B.
@coingeckoJUST IN: Strategy purchases another 520 Bitcoin for ~$35M, bringing its total holdings to 847,363 $BTC.
@arkhamSAYLOR BOUGHT ANOTHER $34.9 MILLION BTC
@arkhamSaylor just bought $35 Million of BTC at $67,068. Strategy currently holds $54.81B of BTC acquired at an average price of $75,651.
@venturecoinistRT @saylor: Strategy has increased its USD Reserve by $300 million to $1.4 billion and plans to continue replenishing it to support the cre…
@bitcoinnewsStrategy Grabs 520 More Bitcoin for $35M Despite Sitting Nearly $10B Underwater
@coinmarketcapJUST IN: 💰 Strategy bought 520 Bitcoin for $34.9M at an average price of $67,068 per coin, bringing its total holdings to 847,363 BTC.
@tftc21Strategy bought another 520 BTC this week and increased its USD reserve by $300M to $1.4B 847,363 bitcoin.
@theblockcoTHE BLOCK: Strategy bought 520 BTC for $34.9M and added $300M to its USD reserve, with BTC near $64.5K and its STRC preferred under its $100 target.
@fintechfrankNEW: Strategy added $300M to its USD Reserve, bringing the balance to $1.4B as it continues building support for the credit quality of its Digital Credit securities. The company also acquired 520 BTC for $35M, increasing its bitcoin holdin
@lookonchainMichael Saylor(@saylor)'s @Strategy bought another 520 $BTC($35M) at $67,068 last week. Strategy now holds 847,363 $BTC($54.96B) at an average price of $75,651 and is currently sitting on an unrealized loss of $9.15B(-14.27%). https://t.c
@rektmandoseems like they have understood they need to raise a lot of cash, this is faster but would rather they rip the bandaid off need $100m net every week to cover obligations over the next 2 years