Michael Saylor’s Bitcoin Juggernaut is here again, buying capital market firepower near the high point that other crypto companies cannot match.
Strategy (formerly known as Microstrategy Inc.) revealed on Monday that it purchased $2.46 billion in bitcoin in the past week, the third largest purchase since it began accumulating cryptocurrencies five years ago.
According to the Securities and Exchange Commission filing, the company acquired 21,021 tokens between July 28 and August 3, increasing its total holdings to 628,791 bitcoins. This brings the company’s Bitcoin holdings to more than $71 billion.
Driven by stable stock products and debt transactions, Sailer transformed his enterprise software company into a major corporate buyer of Bitcoin. According to the company’s data, its latest acquisition averages $117,526. data.
The move highlights how Saylor turns public companies’ finances into professional vehicles that accumulate bitcoin, and how strategies continue to buy even as prices hover at record levels. Strategy is by far the largest Bitcoin company holder Consistent Written by BitCoinReasuries.net and stimulated a new public company after a so-called treasury strategy dedicated to buying and holding cryptocurrencies.
To fund the purchase, Saylor adopts common shares and preferred options for common shares sales and debt. The company offered investors four different types of securities in late July, offering its latest preferred product, known as Stretch. The strategy report said unrealized earnings in the second quarter were $14 billion, driven by a rebound in Bitcoin’s price and recent accounting changes that required the company to revalue its Bitcoin holdings.
Seller Recent Commitment He will not issue new common shares at 2.5 times the value of his net assets, except for paying debt equity or preferred dividends. This is after critics like Jim Vanos Make a voice Concerns about Bitcoin holdings in advanced strategies focus on the stock price offered by the company and many security products.
Strategy’s stock has soared over 3,000% since its first purchase of cryptocurrency Nasdaq 100. Its largest purchase and second largest purchase were last November, totaling $5.4 billion and $4.6 billion. According to company data.
