Michael Saylor, executive chairman of Strategy, said that the company currently has 638,985 BTC on its balance sheet for a total of about $73.4 billion at an average price of $73,913 per coin.
In total, the company spent $47.2 billion on the purchase of cryptocurrencies, including commission and other expenses. The amount of BTC in the company's possession is equivalent to about 3% of the total supply of bitcoins (21 million coins).
The recent acquisition of the cryptocurrency was made through the proceeds from the sale of perpetual preferred shares of Strike (STRK), Strife (STRF) and Stride (STRD). The Strategy STRK, STRC, STRF, and STRD programs for perpetual preferred shares worth $21 billion, $4.2 billion, $2.1 billion, and $4.2 billion are part of the company's plan, according to which it intends to raise $84 billion in capital by 2027 and spend it on acquiring bitcoin. Saylor's firm intends to raise capital by issuing shares and convertible bonds.
Strategy has been investing in the first cryptocurrency since August 2020. The company regularly makes large purchases of bitcoin. Strategy management calls bitcoin an effective instrument for hedging inflation risks.
Recently, Michael Saylor promised not to stop buying BTC and stated that the winner in the crypto market will be the one who has the most bitcoins. Earlier, Saylor called on US regulators to differentiate between digital securities, commodities and tokens.