Strategy Expands Bitcoin Holdings With Latest Multi-Million Dollar Purchase

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coindesk
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5 hours ago


Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR)

Strategy (MSTR) has purchased 7,390 BTC for approximately $764.9 million at an average price of $103,498 per bitcoin, according to a filing on Monday.

This latest acquisition increases the company’s total bitcoin holdings to 576,230 BTC, now valued at roughly $59 billion based on the current market price of around $103,000 per bitcoin. The average purchase price of Strategy’s entire bitcoin position now stands at $69,726

The purchase was financed through an at-the-market (ATM) offering of its Class A common stock, as well as the issuance of Series A STRK preferred stock. Between May 12 and May 18, Strategy raised $705.7 million from the sale of common stock and issued 621,555 shares of its STRK preferred stock.

Bitcoin is trading near $103,000, while shares of MSTR are down more than 1% in pre-market trading.


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Bitget:注册返10%, 送$100
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