Strategy Buys 2,932 Bitcoin For $264M, But MSTR Stock Tests Critical $160 Support
Strategy Inc. (NASDAQ:MSTR) has bought 2,932 Bitcoin (CRYPTO: BTC) for $264.1 million, but MSTR is down to $161 on Monday morning.
The Bitcoin Purchase Details
Strategy paid an average of $90,061 per Bitcoin for the latest purchase, well above the company’s overall cost basis of $76,037 per Bitcoin across all 712,647 BTC holdings.
The company funded the purchase by selling 1,569,770 shares of Class A common stock for $257 million and 70,201 shares of STRC preferred stock for $7 million through at-the-market offerings.
Strategy’s total Bitcoin holdings are now worth approximately $62.5 billion at current prices, purchased for $54.2 billion including fees—representing roughly $8.3 billion in paper gains.
The company holds about 3.4% of Bitcoin’s total 21 million supply.
Additionally, Strategy still has $8.17 billion …
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