Strategy acquired 34,164 Bitcoin (BTC) between Apr. 13 and Apr. 19.
The firm paid roughly $2.5B for the tranche. It was the company's largest weekly Bitcoin purchase in more than 16 months.
How The Purchase Was Funded
Strategy sold securities to finance the acquisition. The firm raised approximately $2.5B through the offering, according to a Decrypt report. The sale coincided with the ex-dividend date for STRC, the company's preferred share class. STRC dividend traders were active buyers of the offering.
The company has not published a breakdown of which securities it sold. Strategy has not disclosed the exact average purchase price per coin.
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Strategy's Running Bitcoin Position
Strategy holds a large Bitcoin reserve built up over several years. Its current paper loss on the full holdings stands at roughly $195M. That represents approximately 0.3% of the total cost basis. The loss is modest relative to the scale of holdings.
The Binance post tracking the position described Strategy as "near breakeven." The company began accumulating Bitcoin in August 2020 under the direction of executive chairman Michael Saylor.
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Market Context
BTC posted a 10.1% gain last week based on market data circulating across financial networks. The timing of the purchase placed Strategy in the market during a period of elevated price momentum. Crypto exchange-traded products recorded $1.4B in weekly inflows last week. That was the second-largest weekly ETP inflow total since January.
Strategy has not commented publicly on the timing of its latest purchase. The company files regular disclosures with the SEC detailing BTC acquisition activity.
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