Bitcoin Reserve Surpasses 5.3 Million Units

$35.92 Billion: Strategy’s Bitcoin Stash Reaches 531,644 BTC

A New Record for the Company’s Holdings

Strategy has added another 3,459 BTC to its holdings, bringing its total bitcoin stash to 531,644 BTC. The latest acquisition was made at an average price of $82,618 per coin, funded through the sale of TKTK shares of common stock.

The company’s cumulative investment in bitcoin now stands at $35.92 billion, acquired over a period of time at an average cost of $67,556 per bitcoin. This significant boost to its holdings demonstrates Strategy’s commitment to diversifying its assets and exploring opportunities in the cryptocurrency market.

Impact on MSTR Shares

Shares of MicroStrategy (MSTR) are up 1% in premarket trading, tracking bitcoin’s steady price above $84,000. The latest development is seen as a positive indicator for the company’s stock performance.

The acquisition of additional bitcoin by Strategy has sparked interest among investors and analysts alike. As one analyst who owns shares of MSTR noted, this move highlights the growing importance of bitcoin in the company’s overall strategy.

Expert Insights

James Van Straten, Senior Analyst at CoinDesk, provides valuable insights into the implications of this latest development for bitcoin’s role within the broader financial system.

About the Author

James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.

Disclosure

James Van Straten serves as an advisor to Coinsilium, a UK publicly traded company, and holds investments in Bitcoin, MicroStrategy (MSTR), and Semler Scientific (SMLR).