Strategy's $739.8 million USD fund added to BTC last week still came from stock sales

BlockBeats News, July 22, Bitcoin giant Strategy announced today that it has once again increased its holdings by 6,220 BTC last week, spending $739.8 million in cash, with an average purchase price of $118,940.

This latest acquisition has brought Strategy's total Bitcoin holdings to 607,770 BTC, with an acquisition cost of approximately $43.61 billion, and an average cost per Bitcoin of $71,756. Based on the current market price, the company's Bitcoin reserves are valued at $72 billion, locking in nearly $28 billion in unrealized profits.

Notably, according to documents released by Strategy, the funds for this BTC purchase mainly came from the sale of MSTR stock, with the company selling 1,636,373 shares of MSTR to raise approximately $7.364 billion. The company also disclosed that the remaining funds were obtained through minor sales of shares of STRK, STRF, and STRD, raising a total of $3.9 million.

At the time of writing, MSTR's stock price is currently at $430.23, up 1.66% during the trading day.