Strategy has expanded its Bitcoin holdings with another acquisition, purchasing 17,994 Bitcoin for approximately $1.28 billion, according to a recent disclosure.

Founder and Chairman Michael Saylor said the purchase was completed at an average price of roughly $70,946 per coin.

He added that Strategy now holds 738,731 Bitcoin acquired for approximately $56.04 billion at an average price of about $75,862 per coin.

The transaction is one of the company’s larger Bitcoin purchases in recent months. In January, Strategy reported buying 22,305 Bitcoin for approximately $2.13 billion at an average price of $95,284 per coin.

STRC's preferred stock program also contributed to Strategy’s recent Bitcoin accumulation. 

The filing indicates that ~5,315 Bitcoin were acquired last week after issuing 3.8 million shares that raised about $377 million, marking the largest weekly accumulation for the program and roughly five times its four-week average.

Approximately 450 Bitcoin are mined each day, or about 3,150 Bitcoin per week. 

Based on those estimates, the amount purchased by Strategy during the latest acquisition exceeds the quantity of Bitcoin typically produced by miners over several weeks.

Following the transaction, Strategy’s holdings represent roughly 3.7% of Bitcoin’s circulating supply, now over 20 million coins.

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