The biggest move since July last year! Strategy invests another $1.2 billion to buy 13,000 Bitcoins

The publicly traded company holding the most Bitcoin globally—Strategy (NASDAQ: MSTR)—has once again made a significant move. According to documents filed with the U.S. Securities and Exchange Commission (SEC) on Monday, the company purchased 13,627 Bitcoins between January 5 and 11 at an average price of $91,519, totaling $1.25 billion, marking the largest acquisition since July last year. Strategy co-founder and Executive Chairman Michael Saylor stated that as of now, Strategy holds a total of 687,410 Bitcoins, valued at approximately $62.3 billion; since beginning to invest in Bitcoin in 2020, the company has invested a total of about $51.8 billion, with an average cost of $75,353 per Bitcoin.

Based on current prices, Strategy’s unrealized gains (floating profits) amount to about $10.5 billion, with the holdings representing approximately 3.27% of the total supply of 21 million Bitcoins. The funds for this purchase mainly come from the sale of Class A common stock MSTR and perpetual preferred stock “Stretch (STRC).” Just last week, Strategy sold about 6.82 million shares of MSTR, realizing $1.13 billion; simultaneously, it raised approximately $119 million through the issuance of STRC. Despite frequent issuance, Strategy’s “ammunition reserve” remains abundant. As of January 11, there are still MSTR shares worth $10.26 billion available for issuance and sale; STRC shares worth $3.92 billion are also available for sale.