Strategy Buys 487 BTC But MSTR Teeters Below $240

Strategy Inc. (NASDAQ:MSTR) on Monday confirmed a new $50 million Bitcoin (CRYPTO: BTC) purchase, even as its stock slumped into a critical technical support area.

New Bitcoin Purchase Adds To $47.5B Treasury Stack

According to a Form 8-K filed with the SEC, Strategy acquired 487 BTC between Nov. 3 and Nov. 9, spending $49.9 million at an average price of $102,557 per Bitcoin.

The company now holds 641,692 BTC, accumulated at a total cost of $47.54 billion, with an average purchase price of $74,079.

Executive chairman Michael Saylor posted that Strategy’s Bitcoin position has generated a 26.1% …

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