What to know : Strategy purchased 34,164 bitcoin for about $2.54 billion last week at an average price of $74,395 per coin. The company has spent roughly $61.56 billion on its bitcoin at an average cost of $75,527 per coin. MSTR shares are down 2.5% pre-market.
Michael Saylor’s Strategy (MSTR) added 34,164 bitcoin to its treasury over the past week at an average price of about $74,395 per coin, for a total cost of roughly $2.54 billion, according to a Monday filing.
The purchase brings the company’s total holdings to 815,061 BTC, acquired for approximately $61.56 billion at an average cost basis of $75,527.
Last week’s acquisitions were funded by $2.2 million raised through sales of the company’s preferred stock, Stretch (STRC), and $366 million from common stock offerings.
The current price of bitcoin is hovering around $75,000, while MSTR shares are down more than 2.5% in pre-market trading.
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