Strategy made mammoth $2 billion bitcoin purchase last week
Michael Saylor and team added 24,869 BTC last week, bringing total holdings to 843,738 coins.
Strategy made a massive bitcoin BTC$76,774.91 purchase last week, adding 24,869 coins for approximately $2.01 billion, or an average price of $80,985 each.
The latest acquisition brings Strategy’s total holdings to 843,738 BTC, purchased for an aggregate price of about $64 billion. The company’s average cost basis now stands at $75,700 per coin, according to its latest SEC Form 8-K filing.
Last week’s buys were funded nearly totally from sales of the company’s high-yielding STRC preferred stock. There was also a modest $83.7 million of common stock.
MSTR shares are lower by 2.5% in premarket trading, with bitcoin down. modestly from Friday at $77,700.
By Olivier Acuna|Edited by Stephen Alpher
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