MSTR Stock Rises as Strategy Acquires Additional Bitcoin
- Strategy acquired 4,871 BTC for $329.9 million at an average price of $67,718 per Bitcoin.
- The company now holds a total of 766,970 BTC, acquired for $58.02 billion at an average price of $75,644 per Bitcoin.
- MSTR stock rose over 4%, from $120 to $125 in premarket trading, but remains down over 22% year-to-date.
- The acquisition was funded primarily through STRC stock sales, reducing pressure on MSTR shares.
- For Q1, Strategy reported a $14.46 billion unrealized loss on its Bitcoin holdings with a carrying value of $51.65 billion.
The recent purchase and subsequent rise in MSTR stock reflect investor optimism amid ongoing geopolitical tensions and the resumption of weekly Bitcoin acquisitions after a brief pause.
With the acquisition of 4,871 BTC, Strategy’s total holdings now stand at 766,970 BTC, showcasing their continued commitment to cryptocurrency investments.
