Strategy Expands Bitcoin Treasury: $450 Million Purchase Sends Total Holdings To New Highs

Strategy, the largest Bitcoin (BTC) treasury company formerly known as MicroStrategy, has reinforced its vision to accumulate Bitcoin by acquiring nearly $450 million worth of the market’s leading ￰0￱ move comes as the firm’s co-founder, Michael Saylor, remains optimistic about the digital asset’s long-term potential, even in the face of recent price corrections that have seen Bitcoin dip over 10% below its all-time ￰1￱ Continues Bitcoin Buying Spree In a recent update shared on X (formerly Twitter), Saylor revealed that Strategy acquired 6,048 Bitcoin for a total price of $449.3 million between August 26 and September 1, ￰2￱ latest purchase adds to the firm’s substantial holdings, which now total 636,505 BTC, acquired at an average cost of approximately $73,765 per Bitcoin, amounting to an investment of around $46.95 ￰3￱ Reading: Dogecoin Bull Run Could Start On September 13, Analyst Predicts Saylor also highlighted that Strategy has achieved a Bitcoin yield of 25.7% year-to-date (YTD).

Additionally, the firm provided updates on its at-the-market offering programs, which included the sale of various preferred shares and common stock, generating significant net ￰4￱ includes 199,509 shares of 8.00% Series A Perpetual Strike preferred stock for $19 million, 237,931 shares of 10.00% Series A Perpetual Strife preferred stock for $26.5 million, and 1,237,000 shares of MSTR for $425.3 ￰5￱ aggressive investment strategy employed by Saylor’s firm has inspired other public companies to explore similar ￰6￱ has been a trailblazer in this space, being one of the first publicly traded companies to adopt Bitcoin as a primary treasury ￰7￱ growing trend is bolstered by favorable regulations and initiatives stemming from President Donald Trump’s administration, which have facilitated broader adoption of these assets, including altcoins like Ethereum (ETH), Binance Coin (BNB) and ￰8￱ Becomes Seventh-Largest BTC Holder A notable example of this investment shift by public companies is Metaplanet, often referred to as “Japan’s MicroStrategy.” The company has approved a plan to sell up to 550 million new shares overseas, aiming to raise approximately 130.3 billion yen ($884.41 million) to finance additional Bitcoin ￰9￱ a hotel operator, Metaplanet has pivoted to focus on cryptocurrencies, inspired by Saylor’s ￰10￱ and CEO Simon Gerovich liquidated most of the company’s hotel assets, which had been struggling due to the COVID-19 pandemic, redirecting those funds into Bitcoin starting in April ￰11￱ Reading: Is XRP A Meme Coin?

Analyst Reveals How Whales Are Playing The Game Metaplanet’s strategy has proven effective, as it has become the seventh-largest holder of Bitcoin among public treasuries globally, according to ￰12￱ ￰13￱ company recently announced on Monday the addition of 1,009 BTC to its total, bringing its holdings to 20,000. Its stock, MTPLF, has experienced a surge of about 740% YTD, currently valued at $5.82 per share. Strategy’s stock, under the ticker symbol MSTR, is trading at $343 as of this writing, up 2.5% from Monday’s price. Meanwhile, Bitcoin trades at $111,630, up 2% in the last 24 ￰14￱ image from DALL-E, chart from ￰15￱