What to know : Strategy purchased 13,927 bitcoin for about $1 billion last week at an average price of $71,902 per coin. The company has spent roughly $59.02 billion on its bitcoin at an average cost of $75,577 per coin. MSTR shares are down 2.5% pre-market.
Michael Saylor’s Strategy (MSTR) added 13,927 bitcoin to its treasury over the past week at an average price of about $71,902 per coin, for a total cost of roughly $1 billion, according to a Monday filing.
The purchase brings the company’s total holdings to 780,897 BTC, acquired for approximately $59.02 billion at an average cost basis of $75,577.
Last week’s acquisitions were entirely funded by $1 billion raised through sales of the company’s preferred stock, Stretch (STRC).
The current price of bitcoin is hovering just below $71,000, while MSTR shares are down more than 2.5% in pre-market trading.
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