Bitcoin treasury company Strategy has added $2.54 billion worth of the asset to its reserves in its biggest acquisition since November 2024.
Strategy Has Just Completed A Mega Bitcoin BuyAccording to the filing with the US Securities and Exchange Commission (SEC), the mega purchase was fueled using sales of the company’s STRC and MSTR at-the-market (ATM) stock offerings.
Overall, this acquisition is the third-largest that the company has ever made, in both BTC and USD terms. The two bigger purchases both occurred back-to-back in November 2024 and involved 51,780 and 55,500 tokens.
Strategy’s holdings have now grown to 815,061 BTC, equivalent to 4.07% of the cryptocurrency’s entire supply in circulation. The treasury company spent a total of $61.56 billion to assemble this stack, putting the average cost basis per token at $75,527. Earlier, the firm went into a state of net unrealized loss due to the bearish price action, but the latest recovery has meant that its holdings are now at about break-even.
The bearish market shift has meant that most of the treasury companies have stopped buying or started distributing. But as Strategy has continued its aggressive accumulation, it has only solidified its standing as the largest corporate holder of Bitcoin.
After this purchase, Bitmine’s Ethereum holdings have grown to 4.976 million, equal to a supply share of 4.12%.
BTC PriceAt the time of writing, Bitcoin is floating around $75,000, up more than 5% in the last seven days.
