Key Insights:
- Strategy acquires 6,220 BTC at $118,940 average, totaling $739.8M
- Total holdings reach 607,770 BTC worth $71B with 66.5% unrealized gains
- MSTR stock rises 2% pre-market despite recent pullback in BTC price
Strategy, formerly MicroStrategy, acquired 6,220 BTC for approximately $739.8 million between July 14 and 20. The company paid an average price of $118,940 per Bitcoin, using proceeds from STRK stock and common shares. This marks Strategy’s second consecutive weekly purchase following a brief pause in early July.
With this acquisition, the firm’s total holdings now stand at 607,770 BTC valued at over $71 billion. According to SaylorTracker, the company is up 66.5% on its total Bitcoin investment, equating to over $28.5 billion in unrealized gains. Strategy remains the world’s largest corporate holder of Bitcoin, far ahead of competitors like MARA Holdings.
Public filings confirm that the company funded its latest purchase through capital raised in recent weeks. It now dominates Bitcoin treasury rankings and has broken into the top ten U.S. corporate treasuries. This consistent accumulation continues to support BTC price momentum despite short-term market pullbacks.
Bitcoin Holds Key Levels While MSTR Sees Stock Recovery
Bitcoin traded at $118,463 at press time, down 2.8% over the past seven days, according to CoinGecko. The price remained within a 24-hour range of $116,779 to $119,523 while trading volume exceeded $45 billion. Bitcoin has stayed above the $118,000 level despite broader crypto market fluctuations.
Meanwhile, Strategy’s stock (MSTR) closed at $423.22 on July 21 after falling 6.23% during regular trading hours. However, pre-market data from Google Finance showed the stock rebounding to $431.37, a 1.93% gain. Investor sentiment appears to be supported by the company’s aggressive Bitcoin acquisition strategy.
Strategy’s continued accumulation positions it as a critical player in the institutional crypto landscape. Its holdings now exceed those of most ETFs and mining firms combined. This push reflects broader adoption among major corporations looking to gain exposure to digital assets.
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Source: https://coincu.com/349917-strategy-buys-6220-btc-for-739m-as-bitcoin/