54 billion last week, marking its third-largest BTC purchase on record. Cointelegraph in your social feed Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, has blasted past 800,000 BTC in total holdings after announcing its latest purchases. 54 billion between April 13 and 19, according to an 8-K filing with the US Securities and Exchange Commission on Monday.
The buy ranks as Strategy’s third-largest Bitcoin acquisition on record by coin count, behind purchases of 55,500 BTC and 51,780 BTC in November 2024. 56 billion. The new acquisition was made at an average price of $74,395 per coin, slightly below the company’s average acquisition price of $75,527.
Saylor had teased the purchase on Sunday, signaling another large Bitcoin acquisition ahead of the announcement. The company also disclosed on Friday plans to pay Stretch (STRC) dividends twice monthly. STRC is the company’s perpetual preferred security.
“If we were to move forward with paying STRC semi-monthly, we would be in category one, the only preferred in the world that pays semi-monthly dividends. We think this is unique and attractive,” Strategy CEO Phong Le said. Related: Bitmine ramps up Ether buys, pushes holdings toward 5% of total supply Similar to a few recent acquisitions, the majority of Strategy’s latest purchase has been funded through STRC.
7% of total proceeds, while sales of Class A common stock (MSTR) contributed $366 million. Last week marked several new records for STRC, including the company’s largest single-day buying spree through its at-the-market, or ATM, program. 9 million shares through its at-the-market, or ATM, program, generating more than $1 billion in trading volume, according to STRC Live.
4 million shares sold through its at-the-market, or ATM, program. The two days combined brought an estimated 17,204 BTC, marking a 518% surge versus the four-week average. Magazine: Will the CLARITY Act be good — or bad — for DeFi?
