Strategy's Bitcoin Blitz: Firm Snaps Up 15,355 BTC in a Week!

Holy moly, the Bitcoin treasury firm Strategy, the crew formerly known as MicroStrategy, just went on a buying spree like no other! They've added a whopping 15,355 BTC to their stash in the last week alone. That's right, they're not messing around!

According to a jaw-dropping SEC filing from Monday, these guys dropped about $1.42 billion on these coins, snagging them at an average price of $92,737 per Bitcoin. Cha-ching!

With this latest haul, Strategy's total Bitcoin (BTC) hoard now stands at a mind-blowing 553,555 BTC. At Bitcoin's current price, hovering just over $95,000, that's a cool $52 billion worth of digital gold in their coffers!

Their cumulative average buy-in price is now sitting at $68,459 per Bitcoin, reflecting a total investment of around $37.9 billion, fees included. Talk about putting your money where your mouth is!

Get this, Strategy's stash now accounts for over 2.6% of Bitcoin's entire fixed 21 million supply. That's some serious skin in the game!

But hold onto your hats, folks, because the competition in the corporate Bitcoin accumulation race is heating up like a summer day in the Sahara. Heavyweights like Cantor Fitzgerald, SoftBank, Bitfinex, and Tether just threw down a $3.6 billion Bitcoin venture, while newbies like Twenty One Capital, spearheaded by Strike CEO Jack Mallers, are launching with a Bitcoin-native strategy that's all in on the digital currency.

Meanwhile, shares of Strategy's MSTR stock closed 5.2% higher at $368.71 on Friday and are already up another 1.42% in pre-market trading on Monday. The stock has gained nearly 23% year-to-date, fueled by Bitcoin's price rebound and the growing buzz around institutional interest in Bitcoin-focused companies.

Acquisition Funding

So, how did Strategy fund this latest buying frenzy? Proceeds from the sale of its Class A common stock and perpetual preferred stock, that's how! Between April 21 and April 27, they sold around 4 million shares of MSTR for about $1.4 billion, while also unloading over 435,000 STRK shares for $37.5 million. Ka-ching!

But wait, there's only $128.7 million worth of MSTR shares left available for issuance under their current program. The clock is ticking!

This move comes hot on the heels of Strategy adding another 6,556 BTC for $555 million just a week ago. These guys are on a mission, and they're not slowing down anytime soon!