Michael Saylor’s Strategy Acquires Additional Bitcoin Amid Market Fluctuations
- Strategy (MSTR) purchased 855 bitcoin for $75.3 million, averaging $87,974 each.
- The acquisition was funded through the sale of common stock.
- Total bitcoin holdings now amount to 713,502, valued at approximately $54.26 billion.
- Average purchase price for all holdings is around $76,052 per bitcoin.
- MSTR shares fell by 7.3% in premarket trading, reaching a multi-year low of $138.80.
Michael Saylor’s company continues to accumulate bitcoin, albeit at a smaller scale compared to previous weeks when acquisitions were often in the hundreds of millions or billions of dollars. This recent purchase reflects ongoing investment strategies despite market pressures.
With total holdings now at over $54 billion and an average cost per bitcoin of about $76,052, Strategy remains a significant player in the cryptocurrency market.(Source)
