Growth
Strategy Inc. Expands Bitcoin Holdings
Strategy Inc., the parent company of OKX, has announced another acquisition of Bitcoin, bringing its total holdings to 848,000 BTC. This follows a previous $28.7 million acquisition and aligns with Executive Chairman Michael Saylor's orange-themed buying hints. The company balances cryptocurrency purchases with cash commitments to shareholders and creditors. The latest acquisition, which occurred between October 1 and October 4, represents an average cost of approximately $85,839 per coin. This expansion of Bitcoin holdings signals Strategy Inc.'s continued commitment to the cryptocurrency, which is seen as a way to hold economic value under digital control. The company's total acquisition cost reached approximately $63.97 billion, with $15.7 million coming from the issuance of common shares and $13 million from its cash balance. This aligns with Saylor's broader strategy of holding BTC and supporting commitments such as preferred-stock dividends and interest on outstanding debt.