Strategy is circling around mainstream media with its latest Bitcoin purchase. Its most recent press release revealed that the firm purchased 6,556 Bitcoins for $555.8 million. Popular on-chain analytics platform Lookonchain confirmed the purchase earlier today. 

Strategy acquired funds for this purchase from its two ATM (at-the-market) stock offering programs. It sold the following shares from April 14 to April 20 and gathered funds to buy Bitcoins. 1.76 million shares of Class A common stock sale brought $547.7 million, whereas 91,000 shares of preferred stock series sale brought additional $7.8 million. 

Michael Syalor’s Strategy, formerly known as MicroStrategy, is a renowned organization in the crypto industry. It made headlines numerous times for its large Bitcoin purchases. As per Bitcoin Treasuries, MicroStrategy is top firm with 538,200 Bitcoin holdings, worth $46.83 billion. It purchase these many Bitcoins at an average price of $67,766 and currently holds an unrealized profit of $10.36 billion. Bitcoin is trading at $88,260 with a 4.54% increase in the last 24 hours. Its 24-hour trading volume surged by 127%, reflecting the increase in trading activity of the crypto. The largest cryptocurrency is trading above the $87K price level ever since Trump’s Liberation day tariff announcement at the beginning of this month. 

Strategy’s BTC purchase came at a time where Bitcoin price started to increase. The cryptocurrency is also a top trending one on CoinMarketCap crypto price live tracking platform. Ethereum and other altcoins have also started to follow BTC and recorded price gains. 

Highlights: 🪙 New Acquisition: 6,556 Bitcoins 💰 Total Investment: $555 Million 📊 Average Price per BTC: ~$84,673

High Tech India