Certainly! Here’s the content rewritten while maintaining the original HTML tags:
Strategy’s most recent SEC filing indicates a purchase of 525 BTC for $60.2 million, enhancing its vast holdings to nearly 639,000 BTC and reinforcing its status as the leading corporate owner of Bitcoin.
Summary
- Strategy acquired 525 BTC at a cost of $60.2 million, increasing its total to 638,985 BTC.
- This acquisition was financed through the sale of perpetual preferred stock.
Per a Form 8-K submitted to the U.S. Securities and Exchange Commission, the Tysons Corner, Virginia-based firm purchased the Bitcoin (BTC) between September 8 and September 14, with an average cost of $114,562 each.
Strategy clarified that the purchase was not sourced from operational profits, but was instead made possible by its capital markets strategy, primarily utilizing net proceeds from the issuance of three categories of perpetual preferred stock.
The capital markets framework powering a Bitcoin titan
The filing specifies that the three types of shares sold by Strategy to finance the latest Bitcoin purchase include Series A Perpetual Strife Preferred Stock (STRF), Series A Perpetual Strike Preferred Stock (STRK), and Series A Perpetual Stride Preferred Stock (STRD).
These instruments, each characterized by unique dividend arrangements and risk profiles, have become essential to Strategy’s capital markets approach as it expands its Bitcoin holdings. Just last week, the company used the same initiatives to acquire 1,955 BTC for $217.4 million, demonstrating its agility in converting capital influxes into on-chain investments.
With this latest acquisition, Strategy now possesses 638,985 BTC, with a total investment of $47.23 billion, equating to $73,913 per BTC. At current market rates, this collection is worth approximately $73.4 billion, resulting in over $26 billion in unrealized gains and solidifying its position as the leading corporate player in the digital asset sector.
This magnitude is unparalleled. As per BitcoinTreasuries.net, the next largest holder among publicly traded companies is Marathon Digital, owning 52,477 BTC. Other prominent names in the top ten include Tether-backed Twenty One with 43,514 BTC, Bitcoin Standard Treasury Company with 30,021 BTC, and exchange operator Bullish with 24,000 BTC.
Metaplanet, Riot Platforms, Trump Media & Technology Group, CleanSpark, and Coinbase complete this list, each holding between 11,000 and 20,000 BTC. Collectively, these nine companies outside of Strategy hold around 229,000 BTC, which is just over a third of Strategy’s total.
