Strategy Adds To Its Bitcoin Holdings As It Scoops Another 525 BTC

According to a recent 8-K filing with the US Securities and Exchange Commission (SEC), Strategy – formerly known as MicroStrategy – added another 525 Bitcoin (BTC) to its holdings between September 8 to September ￰0￱ Continues To Bolster Bitcoin Reserves Strategy, the world’s leading Bitcoin treasury firm, strengthened its BTC reserves as it added 525 BTC worth approximately $60.2 ￰1￱ average purchase price per BTC stood at $114,562. Latest data shows that Strategy now holds a total of 638,985 BTC on its balance sheet, currently worth slightly more than $73 ￰2￱ average purchase price of the total holdings hovers around $73,913 per BTC, while the total acquisition cost stands at $47.2 billion.

Essentially, Strategy now holds a little more than 3% of Bitcoin’s total supply of 21 million ￰3￱ terms of paper gains, the firm is currently sitting on a gain of roughly $26 billion. Notably, Strategy’s latest BTC purchase was made through proceeds from at-the-market sales of its Perpetual Strike preferred stock STRK, perpetual Stride preferred stock, STRD, and perpetual Strife preferred stock, ￰4￱ today’s purchase, Strategy’s stock (MSTR) is currently down 2.15%, trading at $324.31 at the time of writing. However, the stock is up 11.89% on a year-to-date (YTD) ￰5￱ from Coingecko shows that Strategy is, by far, the largest publicly-listed company in terms of total BTC held on its balance ￰6￱ is followed by MARA Holdings, which holds 52,477 BTC.

A recent report notes that the total monetary value of BTC held by BTC treasury firms is now over $113 ￰7￱ Increases Its Ethereum Exposure In similar news, BitMine Immersion Technologies today reported that its total crypto and cash holdings are now over $10 ￰8￱ to today’s update, it appears that the firm has purchased another 82,233 Ethereum (ETH), worth around $370 ￰9￱ Lee’s BitMine now holds more than 2.1 million ETH, worth almost $9.75 ￰10￱ firm also holds 192 BTC, worth $22.1 ￰11￱ still holds close to $569 million in unencumbered ￰12￱ terms of publicly-listed companies with the highest amount of ETH held, BitMine tops the ￰13￱ entities that make up the top five are SharpLink, Coinbase, Bit Digital, and ￰14￱ trend of companies embracing cryptocurrencies such as Bitcoin and Ethereum is now being replicated by nation-states around the ￰15￱ El Salvador was the first country in the world to share a dedicated BTC strategy, many other countries are now joining the ￰16￱ instance, the Central Asian country of Kyrgyzstan recently pushed for a national Bitcoin ￰17￱ from other countries, like the Philippines and Brazil , have also expressed similar ￰18￱ Thorn, head of firmwide research at Galaxy Digital, recently stated that there is a “strong chance” that the US will establish a Bitcoin reserve by the end of ￰19￱ press time, BTC trades at $114,864, down 0.6% in the past 24 hours.