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Tanzeel Akhtar

Strategy Acquires 397 BTC for $45.6 Million, Total Holdings Reach 641,205 BTC

Strategy purchased 397 BTC between October 27 and November 2 for $45.6 million at an average price of $114,771 per coin, according to a company filing dated November 3. The acquisition brings the software-intelligence firm's total Bitcoin holdings to 641,205 BTC, representing a combined investment of $47.49 billion at an average cost of $74,057 per BTC. The company, chaired by Michael Saylor, financed the purchase through proceeds from at-the-market equity programs, raising approximately $69.5 million during the period.