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Michael Saylor's company, Strategy, purchased an additional 10,624 bitcoins for about $963 million, raising its total holdings to 660,624 BTC. This acquisition reflects a significant investment strategy, with Saylor emphasizing the company's resilience against market fluctuations.
Michael Saylor's company, Strategy, bought 1,286 BTC for about $116.3 million, increasing its total holdings to 673,783 BTC. This purchase was funded by recent stock sales, and the company's total bitcoin acquisition cost is around $50.6 billion, with current holdings valued at approximately $63 billion.
Strategy has raised $2.521 billion by pricing 28 million shares of variable rate preferred stock, enabling the potential addition of 17,000 bitcoin to its treasury without diluting equity. TD Cowen maintains a bullish outlook on the company, with a buy rating and a price target of $680 per share.
Strategy has acquired an additional 3,081 bitcoin for $356.9 million, increasing its total holdings to approximately 632,457 BTC, valued at over $70 billion. The purchase was financed through proceeds from its at-the-market programs, emphasizing the company's strategy of leveraging preferred stocks for bitcoin acquisitions.