Bitcoin treasury juggernaut Strategy has splurged another $2.54 billion to acquire 34,164 BTC.
The Virginia-headquartered business intelligence firm has executed one of the largest single cryptocurrency purchases in corporate history.
Between April 13 and April 19, the company deployed $2.54 billion to expand its digital reserves. The acquisition was executed at an average price of $74,395 per Bitcoin.
You Might Also Like
Breaking: Strategy Announces Third-Biggest Bitcoin Purchase Ever
Ripple Veteran Slams DeFi Bridge Security
Strategy has tapped into its ongoing at-the-market (ATM) equity offering program. The company sold nearly 21.8 million shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, which yielded approximately $2.17 billion in net proceeds.
The firm also sold 2.16 million shares of its standard Class A Common Stock, netting an additional $366 million.
The company now holds an eye-popping 815,061 BTC following the latest purchase.
Strategy has spent an aggregate total of $61.56 billion to amass this hoard.
The price of Bitcoin (BTC) is currently changing hands at $75,525.
Source: https://u.today/breaking-strategy-announces-third-biggest-bitcoin-purchase-ever