Strategy disclosed another bitcoin purchase, adding 855 BTC for about $75.3 million.
The buys were made between Jan. 26 and Feb. 1 at an average price of $87,974 per bitcoin, according to a Monday 8-K filing.
Purchase details
Strategy said the acquisition was funded through at-the-market sales of its Class A common stock, MSTR.
The company sold 673,527 MSTR shares for about $106.1 million last week.
As of Feb. 1, it still had $8.06 billion available under the program.
Total holdings and cost basis
Strategy now holds 713,502 BTC, which it valued at roughly $56 billion.
Michael Saylor said the company’s average purchase price is $76,052 per bitcoin, for a total cost of about $54.3 billion including fees and expenses.
That stash is more than 3.4% of bitcoin’s total 21 million supply.
With bitcoin dropping below $76,000 at one point on Monday, Strategy’s average cost briefly moved into an unrealized loss for the first time since October 2023.
‘More Orange’
Ahead of the disclosure, Saylor posted a familiar teaser on Sunday:
“More Orange.”
Last week, Strategy also reported buying 2,932 BTC for about $264 million at an average price of $90,061.
Strategy’s shares fell 7% last week to close Friday at $149.71, while bitcoin also declined 7% over the same period.
