Strategy Inc. Acquires 17,994 Bitcoin for $1.28B, Treasury Hits 738,731 Coins
Strategy Inc. acquired 17,994 bitcoins at an average price of $70,946 per coin, spending $1.28 billion through its ATM equity and preferred stock program. The purchase increased its total bitcoin holdings to 738,731 coins at an aggregate cost of $56.04 billion, reinforcing its leveraged digital asset strategy.
1. Major Bitcoin Acquisition
Between March 2 and March 9, Strategy Inc. acquired 17,994 bitcoins at an average price of $70,946 per coin, spending approximately $1.28 billion to expand its digital asset treasury.
2. Dual-Channel Financing
The acquisition was funded through ATM equity sales generating $899.5 million in net proceeds and a preferred stock issuance raising $377.1 million, underlining the company’s dual-engine capital-raising model.
3. Expanding Treasury Metrics
Following the purchase, Strategy's bitcoin holdings reached 738,731 coins at an aggregate cost of $56.04 billion and an average cost basis of $75,862 per coin.
4. Financial Durability Measures
Strategy maintains a $2.25 billion cash reserve to cover debt and dividends for over two and a half years, alongside low net leverage and a profitable software business to buffer against market volatility.