Strategy Buys $180 Million Worth Of Bitcoin

Strategy Buys $180 Million Worth Of Bitcoin
Vivek Sen Bitcoin

According to Monday SEC fileThe Bitcoin strategy bought an average price of $ 95167 per currency between April 28 and May 4. The acquisition brings the company to 555,450 BTC, which was obtained by about 38.08 billion dollars at $ 68,550 per bitcoin.

The latest purchase was funded by a group of shared shares and favorite stock sales, as 128.5 million dollars were raised through the ATM joint strategy program and 51.8 million dollars through the STRK favorite stock sales. The treatment in particular is exhausted by the previous $ 21 billion strategy, which was launched last year.

Last week, the strategy announced plans to double its ability to raise capital, present a new offer of $ 21 billion and expand the debt purchase program to $ 42 billion. Extensive programs indicate the company’s intention to continue the strategy of accumulating Bitcoin.

The strategy remains the largest carrier of companies in Bitcoin, as its property represents about 2.64 % of the maximum bitcoin. At current prices, about 94,000 dollars, the value of the company’s Bitcoin staple is estimated at more than $ 52 billion.

The purchase comes amid the strong institutional demand for bitcoin through the organized vehicles, with ISHares Bitcoin Trust (IBIT) registration from Blackrock in the past two weeks.

Strategy shares fell by 2.7 % in pre -market trading on Monday after obtaining more than 3 % last Thursday. Bitcoin is currently trading at 94,497 dollars, a decrease of 1.14 % over the past 24 hours.

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