Company Acquires Additional BTC, Now Holds Over Half a Million
Crypto/Finance
 Trade Crypto on eToro

Company Acquires Additional BTC, Now Holds Over Half a Million

Strategy purchases 3,459 more BTC, raising its total to 531,644 BTC following a $285 million investment.

Key Points:

  • Strategy secured an additional 3,459 BTC at an average cost of $82,618 per coin.
  • Shares of MSTR just rose by 1% in premarket trading as Bitcoin remains steady above $84,000.

Disclaimer: The analyst who authored this report has shares in Strategy (MSTR).

In the previous week, Strategy (MSTR) added 3,459 BTC to their holdings, elevating the total amount of Bitcoin they own to 531,644 BTC.

According to a regulatory filing released early Monday, the company made this latest acquisition for $285.8 million, at an average price of $82,618 per BTC.

Overall, Strategy’s Bitcoin assets now total 531,644 BTC, with a cumulative acquisition cost of $35.92 billion, averaging $67,556 per Bitcoin.

The most recent purchase was financed through the sale of a yet undisclosed number of shares.

Shares of MSTR are showing a 1% rise in early trading, tracking the unwavering price of Bitcoin, which remains above $84,000.

Next article

Crypto Daybook Americas: Unusual $5.4 Billion Loss Leaves Investors in Shock

Newsletter

Get the most talked about stories directly in your inbox

Every week we share the most relevant news in tech, culture, and entertainment. Join our community.

Your privacy is important to us. We promise not to send you spam!