Strategy Begins ‘Second Century’ With Massive $1.28 Billion Bitcoin Buy

Strategy (NASDAQ:MSTR) purchased 17,994 Bitcoin (CRYPTO: BTC) for $1.28 billion at $70,946 per coin last week, confirming Executive Chairman Michael Saylor’s Sunday hint on X.

The $1.3B Bitcoin Buy

The company now holds 738,731 BTC acquired for $56.04 billion at an average price of $75,862 per coin. 

With Bitcoin trading just below $68,000, the treasury sits roughly $6 billion underwater.

Last week’s buys were funded via $900 million in common stock sales and $377 million of STRC preferred series stock sales. 

The company raised $1.28 billion total through its at-the-market offering program.

Saylor hinted at the purchase Sunday by posting “The Second Century Begins” on …

Full story available on Benzinga.com