Strategy just disclosed another round of Bitcoin accumulation, picking up 1,587 Bitcoin last week for around $100 million. That brings its total holdings to 846,842 Bitcoin for the week ending June 14.
The buy was funded through an at-the-market share sale, where Strategy issued just over 1.7 million new shares and raised about $209 million in net proceeds. Of that, $100 million went to the Bitcoin purchase at an average price of $63,024 per coin.
After the buy, Strategy said its aggregate Bitcoin purchase cost was $64.07 billion, or $75,656 per Bitcoin on average. So this latest tranche came in well below Strategy’s blended average entry price, trimming the company’s overall cost basis while adding to an already massive Bitcoin position.