Company: MSTR
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000950170-25-021814
Chunk: 4

Company: Strategy Inc
Filing Date: 2025-02-18
Form: 10-K
Item: Item 2
Chunk 4
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 on an ongoing basis, subject to market conditions and anticipated needs of the business for Cash Assets.

During 2023 and 2024, we used proceeds from various capital raising transactions to purchase bitcoin. As of December 31, 2024, we held an aggregate of approximately 447,470 bitcoins.

The following table presents a roll-forward of our bitcoin holdings, including additional information related to our bitcoin purchases, sales, and digital asset impairment losses within the respective periods:

    Source of Capital Used to Purchase Bitcoin
     
    Digital Asset Original Cost Basis(in thousands)

    Digital Asset Impairment Losses (in thousands)

    Digital Asset Carrying Value(in thousands)

    Approximate Number of Bitcoins Held

    Approximate Average Purchase Price Per Bitcoin

    Balance at December 31, 2022

    $
    3,993,190

    $
    (2,153,162
    )
     
    $
    1,840,028

    132,500

    $
    30,137

    Digital asset purchases
     
    (a)

    1,902,299

    1,902,299

    56,650

    33,580

    Digital asset impairment losses

    (115,851
    )

    (115,851
    )

    Balance at December 31, 2023

    $
    5,895,489

    $
    (2,269,013
    )
     
    $
    3,626,476

    189,150

    $
    31,168

    Digital asset purchases
     
    (b)

    22,072,759

    22,072,759

    258,320

    85,447

    Digital asset impairment losses

    (1,789,862
    )

    (1,789,862
    )

    Balance at December 31, 2024

    $
    27,968,248

    $
    (4,058,875
    )
     
    $
    23,909,373

    447,470

    $
    62,503

(a)During 2023, we purchased bitcoin using $1.864 billion of the net proceeds from our sale of class A common stock under our at-the-market equity offering programs, and $37.9 million of Excess Cash. 

(b)During 2024,