Strategy Inc. (NASDAQ:MSTR) disclosed it sold $2.1 billion worth of stock between January 12-19 and converted it straight into 22,305 Bitcoin (CRYPTO: BTC), validating chairman Michael Saylor’s ‘Bigger Orange’ teaser.
The Buy Details Show Aggressive Execution
Strategy Inc. announced the purchase on Monday, at an average price was $95,284 per Bitcoin—notably higher than the company’s historical average and about 25% above its overall cost basis.
That premium signals Strategy is willing to buy Bitcoin at elevated prices rather than wait for dips, continuing the strategy that’s defined the company since 2020.
Strategy Now Holds 709,715 BTC
As of January 19, Strategy’s total Bitcoin holdings reached 709,715 BTC—one of the largest corporate Bitcoin treasuries in the world.
The company has spent a cumulative $53.92 billion acquiring these holdings, with an average purchase …