Michael Saylor’s Strategy Buys 22,337 BTC in $1.57B Weekly Purchase

• Strategy bought 22,337 BTC for $1.57B, raising total holdings to 761,068 Bitcoin.

• The purchase marks the firm’s 12th consecutive week of Bitcoin accumulation.

• Strategy funded the acquisition by selling STRC and MSTR shares to raise $1.57B.

Strategy disclosed a fresh Bitcoin purchase in a Monday SEC filing, confirming it acquired 22,337 BTC for $1.57 billion last week. The move extends its ongoing accumulation strategy led by Michael Saylor. The purchase, funded through stock sales, marks the firm’s 12th consecutive weekly addition to its Bitcoin holdings.

Strategy Expands Bitcoin Holdings Again

According to the filing, Strategy bought the 22,337 Bitcoin at an average price of $70,194 per coin. This brings its total holdings to 761,068 BTC. The company disclosed that it spent about $57.61 billion to acquire its full Bitcoin reserve. The average purchase price across all holdings now stands at $75,696 per coin.

Notably, this transaction ranks as the company’s fifth-largest weekly Bitcoin purchase. It also stands as its biggest acquisition recorded this year. Previously, the firm purchased 22,305 BTC in January. However, the latest addition slightly exceeds that earlier buy.

Stock Sales Fund Latest Purchase

To support the acquisition, Strategy raised capital through equity sales. The filing shows it sold 11.8 million STRC shares. These sales generated about $1.18 billion in net proceeds. In addition, the company sold 2.8 million MSTR shares.

This second sale raised another $396 million. Combined, both offerings covered the full cost of the Bitcoin purchase. Notably, this marks the first time STRC stock sales exceeded MSTR sales in funding weekly purchases this year. The shift coincided with strong trading activity for STRC shares.

Bitcoin Price And Market Context

Following the purchase, Bitcoin traded around $73,600. The price reflected a 2.6% increase over the previous 24 hours. Meanwhile, Michael Saylor hinted at the acquisition before the filing. He shared the company’s Bitcoin tracker with the phrase “Stretch the Orange Dots.”

The comment referenced the use of STRC stock in funding the purchase. As a result, the latest move aligns with Strategy’s ongoing accumulation approach. The company continues adding Bitcoin weekly, maintaining its position as the largest publicly traded holder of the asset.