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Billionaire Michael Saylor’s Strategy Buys 2,932 Bitcoin for $264M
Yahoo Finance· 2026-01-26 13:12
Group 1 - The company, Strategy, has expanded its Bitcoin treasury by acquiring an additional 2,932 BTC for approximately $264.1 million, reinforcing its position as the largest corporate holder of Bitcoin globally [1][2] - Following the latest acquisition, Strategy's total Bitcoin holdings reached 712,647 BTC, with aggregate purchases totaling roughly $54.19 billion at an average acquisition price of $76,037 per Bitcoin [2][3] - Strategy's growing Bitcoin holdings reflect its belief in Bitcoin as a superior store of value amid concerns about currency debasement and global macroeconomic uncertainty [3] Group 2 - The recent Bitcoin purchases were funded through proceeds from the sale of approximately 1.57 million shares of Class A common stock, generating net proceeds of about $257 million, along with an additional $7 million from the issuance of preferred stock [4][5] - The company generated a total of about $264 million in net proceeds, which were deployed toward Bitcoin accumulation, indicating significant capacity for future issuances across multiple stock and preferred equity programs [5] - Corporate Bitcoin accumulation is expected to continue into 2026, with institutional adoption of Bitcoin being a major theme as more companies explore crypto as a long-term balance sheet asset [6] Group 3 - Strategy consistently frames Bitcoin as a scarce, inflation-resistant reserve that can outperform cash and traditional holdings over extended time horizons, maintaining its commitment to accumulation despite Bitcoin's volatility [7] - With over 712,000 BTC on its balance sheet, Strategy's exposure to Bitcoin price movements is unmatched among public companies, positioning it as a key bellwether for corporate crypto adoption [8]