Bitcoin Treasury Company has significantly increased its Bitcoin holdings by acquiring 8,178 BTC for $835.6 million. This purchase elevates the company's total Bitcoin reserves to 649,870 BTC, valued at approximately $61.7 billion. The acquisition was executed at an average price of $102,171 per Bitcoin, as detailed in an 8-K filing with the SEC.
The company financed this substantial purchase through the sale of perpetual preferred stock, including STRK, STRF, STRC, and STRD, as part of its ambitious $84 billion '42/42' funding strategy, which aims for completion by 2027.
Bitcoin Treasury Expands Holdings with $835.6 Million BTC Purchase
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