Strategy (formerly MicroStrategy) has announced the acquisition of an additional 15,355 BTC worth approximately $1.42 billion, taking its total balance to 766,970 BTC valued at more than $29 billion at the current price.
The operation was financed by issuing new STRK and STRF preferred shares, instruments the company has turned into its primary capital-raising mechanism for accumulating Bitcoin.
Michael Saylor, executive chairman of Strategy, said in a statement that the company maintains its goal of becoming the leading Bitcoin reserve bank globally. "Every BTC we add to the balance sheet is a step toward permanent financial sovereignty," he declared.
The company's annualised BTC Yield currently stands at 74.3%, a metric that measures the percentage increase in BTC per diluted share and which management uses as its primary indicator of shareholder value creation.
MSTR stock reacted with a 4.2% rise in the hours after the announcement, though analysts caution that correlation with the price of Bitcoin remains the dominant factor in the valuation.
