Strategy expands Bitcoin holdings with $10.7m purchase

Michael Saylor’s strategy of the business magnate acquired 130 BTC for around $ 10.7 million.

Strategy, formerly known as MicrostrategyGo ahead to push his bitcoin (BTC) 500,000 bags, buying 130 BTC for $ 10.7 million.

In an X announcement On Monday, March 17, the founder of the strategy Michael Saylor revealed that the public company based in Virginia had acquired 130 BTC for nearly $ 83,000 per BTC and reached BTC yield of 6.9% year by year.

With the latest purchase, the strategy now has 499,226 BTC, acquired for more than $ 33 billion at an average price of around $ 66,360 per BTC. Despite the announcement, the Strk actions of Strategment dropped 1% in pre-commercial trade, according to NASDAQ data.

The purchase comes a week after the strategy announced its intention to raise additional capital to finance Bitcoin purchases despite the recent market sliding and macro uncertainty. Like crypto.News reported Earlier, the company plans to raise $ 21 billion thanks to its privileged class A strike actions while the company seeks to strengthen its investment portfolio.

According to a deposit With the American Commission for Securities and Exchange, the strategy will use the sale of the sale to finance the general operations of the companies, which could include more Bitcoin purchases.

Offering STRK shares via a sales sale to the market is added to the existing ATM action program for the “21/21” roadmap, a plan to increase and invest $ 42 billion in BTC defended by executive president Michael Saylor. In addition to this, the strategy can also exercise a buy -back option for insufficient total allowance if the Strk value decreases 25% below its initial value during the issue.