MSTR Slows Bitcoin Acquisitions with $264 Million Purchase
- MSTR acquired 2,932 bitcoin for $264.1 million at an average price of $90,061 each.
- The company’s total holdings now include 712,647 bitcoin, valued at over $62 billion.
- Recent purchases were primarily funded through common stock sales, alongside $7 million from preferred stock sales.
- Bitcoin traded around $87,500 on Monday morning following a notable weekend decline.
- MSTR’s stock is down by approximately 2% in pre-market trading.
MSTR’s recent acquisition marks a slowdown compared to previous weeks where purchases exceeded $1 billion. The company has invested a total of $54.19 billion in its bitcoin holdings at an average cost of $76,037 each.
This week’s acquisition of 2,932 bitcoin reflects MSTR’s ongoing commitment to its cryptocurrency strategy despite market fluctuations.(Source)
