Strategy Boosts Bitcoin Holdings Above $47 Billion With Latest Buy

Strategy, formerly known as The Tysons, Virginia-based firm now owns 538,000 Bitcoin worth $47.2 billion following Bitcoin’s climb above $88,000 on Sunday, according to crypto data provider Strategy said the acquisition was made using proceeds from two recent equity offerings: the firm  received $548 million in proceeds by issuing Class A common shares, while Strategy also gained $8 million from the sale of its so-called perpetual “Uncertainty surrounding U.S. President Donald Trump’s trade war has weighed on risk assets in recent weeks, as economists pencil in The size of Strategy’s recent Bitcoin purchases has varied, however. After buying $11 million worth of Bitcoin in mid-March, it spent $1.9 billion on Bitcoin two weeks later, per Strategy’s shares were recently trading at about $322, up 1.6% on the day, according to On Sunday, Strategy co-founder and Executive Chairman Michael Saylor Based on public data, 13,000 institutions hold Strategy’s stock directly, along with 814,000 accounts tied to retail investors, he said. In addition, Saylor said 55 million investors have “indirect exposure through ETFs, mutual funds, pensions, and insurance portfolios.Strategy was Edited by James RubinEditor’s note: This story was updated to ensure pricing consistency throughout.