Strategy (MSTR), the largest publicly traded company holding bitcoin (BTC), boosted its BTC reserves by buying 4,980 BTC for a total of $531.9 million last week.
This addition brings Strategy’s total bitcoin holdings to 597,235 BTC purchased for $42.4 billion, or an average price of $70,982 each. At bitcoin’s current price of about $107,500, that stack is worth more than $64 billion.
Strategy financed the purchase through $519 million of common share sales alongside about $59 million of STRK and STRF preferred stock sales.
MSTR shares are up 1.3% premarket.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Strategy has added $650 million to its USD reserve and repurchased $109 million of STRC…
Bitcoin Magazine CFTC Charges Goliath Ventures With $400M Bitcoin Fraud The Commodity Futures Trading Commission…
Bitcoin Magazine Should Bitcoin Companies Build USD Reserves? Understanding The Truth Strategy’s U.S. dollar reserve…
Bitcoin Magazine Casa CEO Nick Neuman: 233k BTC Moved To Safety After Coldcard Exploit Proves…
Empery Digital has disclosed the sale of 1,635 BTC for $102.2 million, using the proceeds…
Bitcoin Magazine Bitcoin Treasury Twenty One to Become ‘More Than a Treasury Company’, Says New…