Corporate Bitcoin accumulation accelerates as Michael Saylor’s Strategy leads public companies in massive BTC acquisitions, signaling strong institutional confidence amid price rallies.
Strategy (MSTR) purchased 4,225 BTC for $472.5 million last week, expanding its industry-leading Bitcoin treasury to 601,550 BTC worth $73 billion at current prices. The business intelligence firm acquired the coins at an average price of $71,268 each, spending $42.87 billion total since beginning its accumulation strategy.
The company funded the latest purchase through $330.9 million from common share sales and $141.4 million from various preferred share offerings. MSTR’s stock price rose 2.5% to $445 following the announcement, reflecting investor approval of its Bitcoin-focused strategy.
Other public companies also reported fresh Bitcoin acquisitions, including Sequans (683 BTC), K33 (36 BTC), Tao Alpha (28.56 BTC), and Blockchain Group (29 BTC). Japanese firm Metaplanet separately added 797 BTC to its holdings, continuing the trend of corporate Bitcoin adoption.
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CryptoFeedHub Note: This article is a rewritten summary based on external reporting. Original source: CoinDesk.