In a move that cements its position as the largest corporate holder of Bitcoin in the world, the giant Strategy has accumulated more than 500,000 BTC. The company revealed today the purchase of 6,911 BTC for an approximate value of US$584.1 million. The information was disclosed in a record at the US Securities and Exchange Commission (SEC).
Bitcoin is seeing a significant increase in its price today, peaking at $88,817. At the time of publication, the price of Bitcoin is trading at $88,712.37, up 4.6% in the last 24 hours.
Strategy’s Bitcoin holdings are impressive when compared to other major holders of the largest cryptocurrency. The company currently controls nearly half of the estimated Bitcoin stash of the cryptocurrency’s creator, Satoshi Nakamoto, who has an estimated holding of 1.1 million.
Source: Shaun Edmondson
Furthermore, Strategy’s holdings are nearly half the value held by all spot Bitcoin ETFs trading in the United States, with an accumulation of approximately 1.1 million BTC.
With the new purchase, according to official data, Strategy now holds a total of 506,137 BTC, representing approximately 2.55% of the total supply of Bitcoin currently in circulation. The company has spent approximately $33.7 billion on its Bitcoin investments, with an average cost of $66,608 per coin. Considering current market prices, the company holds an unrealized profit estimated at over $10 billion.
Last week, Strategy announced a strategic move in the market: the issuance of 5 million shares of Perpetual Strife Series A preferred stock. The purpose of this issuance was to raise funds to expand its Bitcoin acquisitions and meet general corporate needs. With an attractive annual dividend of 10%, the newly issued shares will guarantee quarterly payments to investors. In the event of a delay in these payments, Strategy will implement a system of compounding dividends, which can accumulate up to 18% per year.