New Bitcoin Acquisition Pushes Strategy's Holdings Closer to 639,000 BTC
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New Bitcoin Acquisition Pushes Strategy's Holdings Closer to 639,000 BTC

The company has increased its Bitcoin portfolio to 638,985 BTC following a $60.2 million investment.

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What to know:

  • The latest buy of 525 BTC was made at an average price of $114,562 per bitcoin, which raised the firm’s total BTC holdings to 638,985.
  • Despite the acquisition, MSTR shares were trading at $330 in pre-market trading on Monday, while Bitcoin experienced a decline from almost $117,000 to around $115,000.

Strategy (MSTR) announced on Monday that it purchased an additional 525 BTC for approximately $60.2 million, as detailed in an SEC filing. The recent acquisition lifted the firm’s average purchase price for Bitcoin to $73,913.

The announcement coincided with Bitcoin’s drop during European trading hours, falling from nearly $117,000 to approximately $115,000.

To date, MSTR shares have lagged behind Bitcoin, with only an 11% increase this year, compared to Bitcoin’s impressive 23% rise. MSTR shares opened at $330 on Monday.

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