Michael Saylor’s Strategy Acquires $168 Million in Bitcoin
- Strategy (MSTR) purchased an additional 2,486 BTC for $168.4 million.
- The company’s total holdings now stand at 717,131 bitcoin, acquired for $54.52 billion.
- Average purchase price per coin is approximately $76,027.
- Current price of bitcoin is $68,000, resulting in a loss of about $8,000 per coin.
- Last week’s purchases were funded through $90.5 million in common stock sales and $78.4 million from the sale of STRC preferred stock.
- MSTR shares are down by over 60% year-over-year and fell by 3.2% in premarket trading.
This acquisition reflects Strategy’s ongoing commitment to accumulating bitcoin, despite current losses totaling around $5.7 billion due to the decline in market value since their initial purchases.
With MSTR’s average cost per bitcoin at $76,027 and the current price at $68,000, the company faces significant unrealized losses on its investment strategy.(Source)
