cointelegraph.com
Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added more Bitcoin last week as $BTC traded above $77,000.
Strategy acquired 3,273 Bitcoin for $255 million between April 20 and 26, according to an 8-K filing with the US Securities and Exchange Commission on Monday.
Source: SEC
The purchases were made at an average price of $77,906 per coin, raising Strategy’s cost basis to $75,537.
The company now holds 818,334 $BTC, acquired for about $61.8 billion. At the time of publication, the holdings were valued at roughly $63.6 billion, according to CoinGecko.
No STRC buying last week
Unlike Strategy’s 34,164 Bitcoin purchase announced the previous week — its third-largest on record — the latest acquisition did not rely on STRC, the company’s perpetual preferred security.
According to the SEC filing, the purchase was funded entirely through Strategy’s Class A common stock (MSTR), which sold 1.45 million shares and raised $255 million.
Source: SEC
The absence of STRC activity was previously noted by tracker STRC Live, which indicated no Bitcoin purchases tied to the security during the week.
Strategy co-founder Saylor previously signaled that the company would be boosting its holdings on Sunday, sharing a chart of Strategy’s Bitcoin purchase history with 107 $BTC total purchase events since 2020.
According to Bitcoin advocate and Strategy investor Adam Livingston, Strategy is on track to accumulate a total of 1.2 million $BTC by the end of 2026, positioning the company to acquire 381,666 more $BTC.
So far this year, Strategy has acquired 144,551 $BTC, equaling around 36,137 $BTC acquired per month.