Strategy bought 4,020 additional bitcoins for $427.1 million last week, bringing its total holdings to 582,500

According to the press release shared on Monday, MicroStrategy (now Strategy), a Bitcoin financial company co-founded by American entrepreneur and investor Michael Saylor, announced that it purchased 4,020 Bits at an average price of $106,237 per Bit, totaling approximately $427.1 million last week. According to CryptoNews on the 26th (local time), with this acquisition, Strategy's total holdings increased to 580,250 BTC, with an average cost of $69,979 per Bit, including fees and expenses, totaling approximately $40.61 billion. The company boasts a book profit of $22.7 billion and controls nearly 3% of the total 21 million Bit supply. Strategy funded its recent purchase by selling Class A common stock MSTR, perpetual preferred stock STRK, and Series A perpetual stripe preferred stock STRF. From May 19 to 23, Strategy sold 847,000 MSTR shares, generating net proceeds of $348.7 million. Additionally, Strategy sold 678,970 STRK shares for $67.9 million and 104,423 STRF shares for $10.4 million in net proceeds. Last week, Strategy announced an expanded "42/42" plan to raise $84 billion through stocks and convertible bonds to accumulate BTC until 2027, in addition to STRK sales, including a $2.1 billion ATM offering of 10% Series A perpetual stripe preferred stock (STRF). Over the weekend, Saylor hinted at another Bit acquisition by updating Strategy's Bit purchase tracker. On Sunday, he posted that he only buys Bits with "money he can't lose". Previously, Strategy had purchased an additional 7,390 Bits for approximately $765 million at an average price of $103,498 per Bit from May 12 to 16, increasing its total holdings to 576,230 BTC. Strategy's Bit accumulation aligned with the upward momentum shown by major cryptocurrencies. However, other market participants should consider that profit-taking could slow down Strategy's aggressive buying spree as BTC continues to set new all-time highs, according to BRN analyst Valentin Fournier in an email to The Block. According to The Block's price page, BTC traded at $109,884, rising over 6.5% last week. MSTR declined 7% in after-hours trading. Bernstein predicts that more institutions will adopt Strategy's playbook and establish some form of Bit treasury. Over 70 companies have confirmed BTC on their balance sheets, with companies like Tether-supported Twenty One, KURL, Metaplanet, and Semler Scientific joining the Bit accumulation race. Companies like Nakamoto, founded by Bitcoin Magazine CEO David Bailey, and publicly traded companies such as NASDAQ-listed GD Culture Group, Basel Medical Group, and Brazil-based fintech startup Méliuz have also announced plans to establish Bit treasuries. Bernstein analysts suggest that these so-called Strategy imitators could add $330 billion to BTC market capitalization in the next five years.