Strategy resumes bitcoin purchases, acquiring over 1,200 BTC
- Strategy (MSTR) acquired 1,229 bitcoin for $108.8 million at an average price of $88,568 per coin.
- Total bitcoin holdings increased to 672,497 BTC, purchased for $50.44 billion.
- The recent acquisition was funded through the sale of Class A common stock worth $108.8 million.
- MSTR’s average purchase price for its total bitcoin holdings is approximately $74,997 per coin.
- In premarket trading, MSTR shares fell by about 1% to $157 per share.
The increase in bitcoin holdings comes after Strategy boosted its US dollar reserves to $2.2 billion last week, indicating a strategic move to capitalize on market conditions.
Following the latest acquisition of over $109 million in bitcoin, Strategy now holds a total of approximately $50.44 billion in BTC assets.(Source)
