The DeFi Report - Sponsor Image The DeFi Report - Industry-leading crypto research trusted by finance pros. Friend & Sponsor Learn more

Strategy Buys Another $217M in BTC

The firm now holds over $71B in bitcoin, and is sitting on $24B in unrealized gains.
Strategy Buys Another $217M in BTC
Listen
1
0
0:00 0:00

Subscribe to Bankless or sign in

Bitcoin Bitcoin treasury heavyweight Strategy (MSTR) has added another 1,955 BTC to its holdings for approximately $217.4 million at an average price of $111,196 per coin, according to a new SEC filing covering purchases between Sept. 2 and Sept. 7.

What’s the Scoop?

  • Massive Holdings: Strategy now holds 638,460 BTC — more than 3% of bitcoin’s total supply — worth about $71B. The firm’s total cost basis stands at $47B, implying roughly $24B of unrealized gains.
  • Capital Plan: The purchase falls under Strategy’s expanded “42/42” capital raise plan, which aims to raise $84B for bitcoin accumulation by 2027.

Bankless Take:

Strategy continues aping BTC at a relentless pace. Similar to previous Strategy purchases, the vast majority of funds raised for this round of BTC buys (92%) came from vanilla "at-the-market" MSTR share sales.


Bankless

Written by Bankless

758 Articles View all      

It’s time to break up with your bank, and join the movement for a better world.

No Responses
Search Bankless