btctimes

#strategy Inc., led by Michael Saylor, has acquired an additional 196 Bitcoin for approximately $22.1 million, bringing its total holdings to 640,031 BTC. This latest purchase was made at an average price of $113,048 per coin.

Total Holdings 640,031 BTC, valued at around $71.8 billion. Average Purchase Price $73,983 per coin, with a total investment of $47.35 billion. Now, Strategy's holdings have increased in value, with paper gains of approximately $24.4 billion

The acquisition was funded through the issuance of common stock via an at-the-market (ATM) program and perpetual preferred stock

Strategy aims to continue accumulating Bitcoin, with Saylor expressing optimism about Bitcoin's long-term prospects

Strategy's aggressive accumulation mirrors recent activity from other global players, such as Japan's Metaplanet and Brazil's #OranjeBTC

Bitcoin's price has stabilized above $110,000, with some analysts viewing Strategy's purchases as a bullish signal [ footage from #btctimes ]