
Michael Saylor’s Strategy (MSTR) has made headlines again by buying an additional 1,895 Bitcoin last week at a cost of $180.3 million, leading to an average purchase price of $95,167 per unit. This latest acquisition raises the company’s total Bitcoin holdings to 555,450 BTC, purchased for over $38 billion altogether.
Key Highlights:
- The average price for the new purchase was $95,167, while the overall company average now stands at $68,550.
- The funds for this acquisition were sourced from $128.5 million from common stock sales and $51.8 million from STRK preferred stock.
- The latest stock offering allowed for a notable continuation with a new $21 billion at-the-market (ATM) offering.
Given current Bitcoin prices hovering around $94,000, the total worth of their holdings now exceeds $52 billion, with MSTR reflecting a slight decrease of 2.7% in premarket trading.
“A combination of sales of common stock and STRK preferred stock funded the latest purchase.”
This acquisition underscores the company’s ongoing commitment to expanding its Bitcoin holdings.