Strategy spends $2.1 billion to acquire Bitcoin, increasing its holdings to more than 709,000 Bitcoins

According to its latest disclosure, Strategy, the largest listed company owning Bitcoin, announced an increase in its holdings of 22,305 Bitcoins at an average price of approximately $95,284 per Bitcoin.

The deal is valued at approximately $2.1 billion.

The company explained that the financing will come from net proceeds raised through the sale of common and preferred shares as part of a market offering program.

After this operation, Strategy’s holdings increased to 709,715 Bitcoins, worth approximately US$65 billion, solidifying its position as the largest “Bitcoin vault” at the corporate level.

On a related note, “Strategy” shares fell about 5% in pre-open trading.

The company’s shares are viewed by some institutional investors as a way to gain indirect exposure to Bitcoin without the need for direct ownership or custody.

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