Strategy Buys 1,587 Bitcoin for $100 Million, Holdings Reach 846,842 BTC

Strategy (MSTR) bought 1,587 BTC for $100 million at $63,024 per coin, lifting its total holdings to 846,842 BTC -- over 4% of Bitcoin's total supply -- while rebuilding its cash reserve to $1.1 billion.

• Strategy now holds 846,842 BTC, acquired at an average cost of $75,656 per coin for a total outlay of $64.1 billion
• The purchase was funded by selling 1.73 million MSTR shares through its at-the-market equity program
• The company's USD Reserve rose to $1.1 billion, up from $1 billion the prior week
• Executive Chairman Michael Saylor previewed the purchase with his trademark 'Still adding dots' post
• Strategy's holdings represent more than 4% of Bitcoin's total 21 million capped supply

Coinporta summarises news for fast scanning. Full reporting belongs to the source.