Strategy Resumes Bitcoin Purchases, Adds $330M in BTC
- Strategy acquired 4,871 Bitcoin for approximately $329.9 million at an average price of $67,718 per Bitcoin.
- The company’s total Bitcoin holdings are now approximately 766,970 BTC, valued at about $53 billion at a price of $69,430 per Bitcoin.
- The recent purchase was funded through an at-the-market share program, raising $474 million from stock sales during late March and early April.
- Strategy recorded an unrealized loss on digital assets of $14.5 billion for the first quarter.
- MSTR shares increased before the market opened on Monday.
Strategy’s acquisition of 4,871 Bitcoins for around $330 million increases its total holdings to nearly 767,000 BTC. The company utilized proceeds from stock sales to fund this purchase amidst a reported unrealized loss on digital assets of $14.5 billion in Q1.
Source (3.2)https://cryptobriefing.com/strategy-resumes-bitcoin-purchase-330m/?rand=59535