Strategy buys $2.13B in bitcoin to surpass 700,000 BTC in treasury

Core Insights - Strategy purchased 22,305 bitcoin for approximately $2.13 billion in cash, increasing its total bitcoin holdings to 709,715 as of Tuesday [1] - The average price paid per bitcoin during this acquisition was approximately $95,284 [1] - The aggregate cost basis for Strategy's bitcoin treasury is $53.92 billion, with an average cost per bitcoin of $75,979, including fees and expenses [2] Fundraising Details - To finance the bitcoin purchase, Strategy raised capital by issuing a mix of common and preferred stock, generating net proceeds of $1.83 billion from the sale of approximately 10.4 million shares of common stock [2] - Additionally, Strategy sold nearly 2.95 million shares of its Stretch Preferred Stock for net proceeds of $294.3 million [3] - The company also sold 38,796 shares of its Strike Preferred Stock for $3.4 million [3]