Michael Saylor: Strategy holds 843800 BTC, cash reserves increase to $3 billion
Michael Saylor, Executive Chairman of Strategy Inc., announced that the company holds 843800 BTC, accounting for 4.02% of the fixed supply of Bitcoin. Calculated at a price of 643.12 million US dollars, the holding value is 54.28 billion US dollars, the cumulative purchase cost is 638.3 million US dollars, and the average purchase price is 756.53 million US dollars. Strategy sold 4818781 shares of MSTR common stock for $467 million, of which $450 million was used to increase cash reserves to $3 billion, which can cover $1763 million in annual preferred stock dividend obligations.