Strategy stacks $2.5 billion in Bitcoin in third-largest weekly purchase
Strategy announced that it purchased 34,164 Bitcoin (BTC) for $2.54 billion last week, marking its highest acquisition since November and the third-largest weekly purchase ever.
  • Strategy purchased 34,164 BTC for $2.54 billion last week, boosting its holdings above 815,000 BTC.
  • The move marks Strategy's third-largest weekly purchase and its highest since November.
  • Bitcoin products saw $1 billion in net inflows last week.

Strategy announced that it purchased 34,164 Bitcoin (BTC) for $2.54 billion last week, marking its highest acquisition since November and the third-largest weekly purchase ever.

The acquisition brings the company's total holdings to 815,061 BTC, with an aggregate purchase price of $61.56 billion, according to a Form 8-K filing submitted to the US Securities and Exchange Commission (SEC) on Monday. Strategy's holdings now stand at 4% of the top crypto's total supply.

The purchase was primarily funded through proceeds from the sale of shares under Strategy's at-the-market (ATM) offering program, including sales of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) and its MSTR Class A Common Stock. The ATM program involving STRC and MSTR has served as the primary funding mechanism for recent acquisitions.

The company revealed on Friday that it intends to shift the dividend payment schedule for its STRC preferred stock from monthly to semi-monthly. It noted that the change is designed to reduce reinvestment lag, improve liquidity, enhance market efficiency and support greater price stability for STRC holders.

If approved by shareholders at the company's annual meeting in June, the revised schedule would take effect with the first semi-monthly payment on July 15, based on a record date of June 30.

Bitcoin products attract $1 billion in inflows

Strategy's latest Bitcoin acquisition comes amid renewed institutional demand in exchange-traded products (ETPs). Bitcoin products saw inflows worth $1 billion last week, according to CoinShares weekly digital asset report on Monday.

The figure represents roughly 71% of the total $1.4 billion inflows recorded by crypto products last week. CoinShares Head of Research James Butterfill noted that the inflows mark the strongest performance among crypto products since January, supported by easing geopolitical tensions and US Consumer Price Index (CPI) data.

The inflows add to broader geopolitical activity surrounding Bitcoin. The top crypto jumped past $76,000 after Iran opened the Strait of Hormuz on Friday, before retreating toward $75,000 over the weekend.

Bitcoin trades at $75,800, up 0.9% over the past 24 hours at the time of publication.

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