Sure! Here’s the rewritten content while keeping the HTML tags intact:
Strategy has acquired an additional 220 Bitcoin, reinforcing its position as the largest corporate holder, as the cryptocurrency shows robust price activity near the $115,000 support threshold.
Summary
- Strategy has purchased 220 BTC for $27.2 million, increasing its total holdings to 640,250 BTC valued at $73 billion.
- The acquisition was funded through stock offering programs as Bitcoin remains above $114,000.
- Global corporate adoption of Bitcoin is rising, with 188 public companies now holding Bitcoin.
Per an announcement dated Oct. 23, Strategy Inc. added 220 Bitcoin (BTC) to its reserves between Oct. 6 and Oct. 12, spending approximately $27.2 million at an average price of $123,561 per BTC.
The company, based in Tysons Corner, Virginia, now holds 640,250 BTC worth around $73 billion, funded through its at-the-market stock offering programs. The acquisition utilized its STRF, STRK, and STRD perpetual preferred stock vehicles, which collectively raised $27.3 million during this timeframe. Remarkably, Strategy maintains its status as the world’s largest corporate Bitcoin holder, representing just over 3% of the total supply of the asset.
Corporate momentum builds as Strategy’s Bitcoin pause ends
This recent acquisition marks a return to Strategy’s acquisition strategy following a customary pause in buying activity at the end of the preceding quarter, a trend the market has learned to associate with the firm’s financial reporting cycles.
At the current market prices, Strategy’s holdings of 640,250 BTC represent roughly $73 billion, showcasing paper gains of about $25.6 billion based on its total acquisition cost of $47.4 billion. These figures highlight the company’s significant role not only as Bitcoin’s largest corporate holder but also as a critical market indicator.
This influence is now evident across the corporate landscape. As per data from Bitcointreasuries.net, 188 public firms globally have started incorporating Bitcoin into their balance sheets, a trend that Strategy has been at the forefront of.
While Strategy’s leading position is substantial, other notable entities are emerging, including mining companies like Marathon Digital Holdings with 52,850 BTC and Tether-backed entity Twenty One, which holds 43,514 BTC. Internationally, Japan’s Metaplanet has pursued a similar strategy, accumulating 30,823 BTC, highlighting the interest in this approach beyond U.S. markets.
Bitcoin’s price has shown resilience amid the latest wave of corporate acquisitions, remaining steady around $114,000, with solid technical support developing around the $115,000 level.
