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Business intelligence firm Strategy has acquired an additional 6,911 Bitcoins, according to a Monday <a href="https://www.strategy.com/press/strategy-acquires-6911-btc-and-now-holds-506-137-btc_03-24-2025" rel="noopener noreferrer nofollow">regulatory filing</a>.
The company financed the purchase by selling its common stock in an at-the-market (ATM) offering.
Last Monday, the company announced a relatively tiny $10.7 million purchase that raised some eyebrows within the community after previously breaking its buying streak.
The company's average purchasing price is now approaching the $67,000 mark.
With its most recent purchase, the company's total holdings have now surpassed 500,000 Bitcoins. It took Strategy (formerly known as MicroStrategy) almost five years to achieve such a groundbreaking milestone. It announced its first Bitcoin purchase back in August 2020.
Earlier on Monday, Bitcoin reached an intraday high of $87,839, surging by nearly 4% in 24 hours.
Strategy's shares are up by more than 5% in premarket trading following its most recent announcement. That said, they are only up by 1.33% on the year-to-date basis.
<h2 id="strategy-s-strife-offering">Strategy's Strife offering</h2>
On Friday, the company revealed that it had secured $711 million for additional Bitcoin purchases with Strife (STRF), its most recent preferred stock offering that was announced earlier this month. STRF offers a 10% annual dividend rate, and some skeptics have questioned whether the company would actually be able to cover its dividend obligations. "You operate a money-losing, terrible software business with only $460 million in sales and are committing to a 10% *CASH* dividend on a preferred? So, you will either need to sell the precious Bitcoin or raise new capital to pay the dividend?" investor Christopher Bloomstran said on X.
This $711 million offering is expected to settle on Tuesday, meaning that Strategy is likely to announce another massive purchase in the near future. <a href="https://u.today/breaking-strategy-reaches-major-milestone-with-most-recent-bitcoin-purchase" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Breaking: Strategy Reaches Major Milestone with Most Recent Bitcoin Purchase

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