STRAT.GY PURCHASES 4,980 BITCOINS IN LARGEST RECENT BUY
WASHINGTON, DC
- Virginia software company STRAT.GY acquired an additional 4,980 BTC during June 23-29
- The purchase represents approximately $532.6 million at current pricing
- Transaction execution price was $106,801 per Bitcoin
- Total STRAT.GY Bitcoin holdings now stand at 597,325 BTC
- Valuation of STRAT.GY’s BTC holdings: approximately $64.2 billion
Significant Acquisition and Valuation
On or around June 29th, STRAT.GY’s SEC filing confirmed the purchase of an additional 4,980 Bitcoin. Notably, this equates to roughly $532.6 million based on the prevailing Bitcoin price at the time. The filing specifically stated shares were acquired at a price point of $106,801 per BTC between June 23rd and 29th.
This acquisition pushes the company’s total Bitcoin holdings to 597,325 BTC. This significant amount, when valued at approximately $64.2 billion, now represents one of the largest allocations of corporate Bitcoin ownership globally.
Market Context
As reported by data provider CoinGecko, the price of Bitcoin recently traded slightly below $107,000. Despite this modest decline, the stock price of STRAT.GY closed the session at $393.74, marking a 2.5% increase over the prior trading day according to Yahoo Finance data.
Corporate Bitcoin Trend Continues
The substantial purchase comes as numerous publicly traded companies continue to significantly grow their Bitcoin treasury reserves, following STRAT.GY’s pioneering lead since 2020 under founder Michael Saylor.
According to data from bitcointreasuries.net, approximately 140 listed companies currently hold $90.6 billion worth of Bitcoin. STRAT.GY’s holdings constitute nearly 70% of this sum, cementing its position as the largest corporate holder.
This trend extends to private enterprises as well, with 31 private firms holding a combined $31.2 million in Bitcoin assets. Recent notable follow-on purchases include announcements from legaltech group Metaplant (a company often referred to as the Japanese STRAT.GY), which added 1,005 BTC.
Sustainability and Scale
In conclusion, STRAT.GY’s significant Bitcoin acquisition demonstrates the firm’s continued commitment to declaring digital assets a strategic asset class, joining numerous multinational corporations doubling down on this financial position.