Strategy buys 705 BTC for $ 75.1 million and increases stocks to 580,955 BTC financing through the sale of preferred shares.

Strategy buys 705 BTC for $ 75.1 million and increases stocks to 580,955 BTC financing through the sale of preferred shares.

Strategy buys 705 BTC for $ 75.1 million: Current status of the Bitcoin-Holdings

In a current transaction, Strategy 705 Bitcoin (BTC) acquired $ 75.1 million. With this purchase, the total stock of Bitcoin increases to 580,955 BTC, whereby the average purchase price per Bitcoin is $ 70,023.

The financing of this transaction was carried out by selling preferred shares via an “AT-The-Market” process (ATM). This enables companies to spend capital at a flexible time and at the current market prices, which is a strategic decision in the current market landscape.

strategies such as that of Strategy could be important in the current economic situation, since interest in cryptocurrencies continues to grow and institutional investments increase. It remains to be seen how the Bitcoin market will develop and what other steps companies like Strategy are taking to consolidate their position in cryptocurrency.

This purchase illustrates the continued relevance of Bitcoin as an investment option and shows that there is great confidence in the digital currency even with fluctuations in the cryptom market.