On July 22, the Bitcoin giant Strategy announced today that it has once again acquired 6,220 BTC last week, spending $739.8 million in cash, with an average purchase price of $118,940.
This latest acquisition brings Strategy's total Bitcoin holdings to 607,770 BTC, with a purchase cost of approximately $43.61 billion, and an average cost per Bitcoin of $71,756. At current market prices, the company's Bitcoin reserves are valued at $72 billion, locking in an unrealized profit of nearly $28 billion.
Notably, according to documents published by Strategy, the funds for this BTC purchase mostly came from selling MSTR stocks, with the company selling 1,636,373 shares to raise approximately $736.4 million. The company also disclosed that the remaining funds were obtained by slightly selling STRK, STRF, and STRD stocks, raising $3.9 million.
At the time of writing, MSTR stock was trading at $430.23, up 1.66% for the day.
