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Strategy's $739.8 million additional BTC position last week still came from stock sales

According to online reports, Bitcoin giant Strategy announced today that it increased its holdings of 6,220 BTC units again last week, spending US$739.8 million in cash, and the average buying price was US$118,940. This latest acquisition brings Strategy's total bitcoin holdings to 607,770 bitcoins, with an acquisition cost of approximately US$43.61 billion, and an average cost per bitcoin of US$71,756. At current market prices, the company's Bitcoin reserves are worth $72 billion, locking in nearly $28 billion in unrealized profits. It is worth noting that according to documents released by Strategy, most of the funds for this additional position in BTC came from the sale of MSTR shares. The company sold 1,636,373 MSTR shares to raise approximately US$736.4 million. The company also disclosed that the remaining funds were obtained through a small sale of shares in STRK, STRF and STRD, raising a total of $3.9 million. As of press time, MSTR shares were tentatively trading at US$430.23, up 1.66% during the trading day.

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