Strategy, formerly known as "MicroStrategy," has announced a new purchase deal for Bitcoin worth $18.8 million during the week from October 13 to 19, in a move that confirms the company's commitment to strengthening its investments in the cryptocurrency market.
Strategy explained in a statement addressed to the U.S. Securities and Exchange Commission that it purchased 168 units of Bitcoin at an average price of approximately $112,051 per unit, including all fees and expenses. It noted that the purchase was financed from the proceeds of the STRF, STRK, and STRD ATM programs launched by the company recently to achieve liquidity dedicated to investing in Bitcoin.
Strategy currently holds nearly 640,418 units of Bitcoin purchased at a total cost of approximately $47.4 billion, which averages about $74,010 per unit. The company is the largest publicly traded entity in the world in terms of Bitcoin holdings, relying on this strategy as a long-term investment tool that aligns with digital transformations in global markets.
Strategy continues to strengthen its leading position in the Bitcoin market by expanding its holdings at a regular pace, viewing this digital currency as a fundamental pillar for the future of the modern financial system, amid growing expectations that it will continue to pump more investments in the upcoming period as major institutions increasingly adopt cryptocurrency assets.
