Key Notes
Strategy Inc.
spent $27.2 million to acquire 220 BTC at an average price of over $123,000 per coin.
The company now holds a total of 640,250 BTC, purchased for an aggregate cost of $47.38 billion.
The purchase was funded by selling preferred stock, reinforcing its strategy of using capital markets to buy Bitcoin.
Strategy Inc., the largest corporate holder of BTC $114 552 24h volatility: 1.2% Market cap: $2.28 T Vol. 24h: $94.47 B , has once again increased its holdings, purchasing an additional 220 coins for $27.2 million in cash. The acquisition brings the company’s total treasury to a substantial 640,250 Bitcoin.
The purchase, which took place between October 6 and 12, was detailed in a press release published on October 13 by Strategy Inc