Strategy Buys $1.28 Billion of #Bitcoin Below Its Own Cost Basis, Pushing Holdings Past 738,000.
The purchase, confirmed in a Securities and Exchange Commission filing, brings Strategy's total holdings to 738,731 BTC acquired for a cumulative $56 billion.
It is the largest single acquisition by Strategy since January, when the firm bought 22,305 BTC for $2.13 billion at an average price of $95,284. More notable than the size, though, is the price. This marks one of the first times Strategy has executed a major purchase while Bitcoin traded beneath the company's average acquisition cost — a situation the firm largely avoided during the 2022–2023 drawdown, when it completed just seven smaller buys totalling 28,560 BTC.
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