Strategy's $1 Billion Bitcoin Purchase Increases Total Holdings to 780,897 BTC

Strategy's total Bitcoin holdings increased to 780,897 BTC. The company acquired 13,927 BTC for approximately $1 billion, purchasing at an average price of $71,902 per BTC. The acquisition was funded entirely through the sale of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). This purchase follows a series of minor purchases in April. Funding for these acquisitions is drawn from a $21 billion offering of the STRC stock and $21 billion of MSTR stock under an At-the-Market (ATM) program announced in March. The total investment in Bitcoin now stands at $59.02 billion with an average cost basis of $75,577 per Bitcoin.