Categories: Bitcoin Latest News

Michael Saylor’s Strategy Adds Another 22K Bitcoin for $1.92B

The Strategy (MSTR) bitcoin (BTC) acquisition machine continued to roll on last week.

The company added 22,048 BTC for $1.92 billion, or an average price of $86,969 each, per a Monday morning filing. Total holdings are now 528,185 bitcoin purchased for $35.63 billion, or an average price of $67,458 each.

At the current price around $82,000, those holdings are worth more than $43 billion.

This latest purchase appeared to be funded mostly by additional common share issuance, a total of $1.2 billion worth in the week ended March 30, according to the filing. Strategy also tapped its STRK preferred share ATM for $18.52 million during the week.

The company additionally closed on its STRF preferred share offering last week, raising $711.2 million.

MSTR is lower by 4% premarket alongside bitcoin’s roughly 3% decline in price since the Friday close of the stock market.

Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]

Recent Posts

Bitcoin weathers September storm as rate hikes and Clarity act setback test bulls

Bitcoin is down just 1.5% in its historically weakest month and remains on track for…

16 minutes ago

Live updates: HYPE leads altcoin rally as bitcoin recovers toward $78,000

Bitcoin recovered from $75,972 overnight to just below $78,000, a third straight day of gains.Read…

1 hour ago

Iran’s Strait of Hormuz toll booth ran through a bitcoin exchange, U.S. says

The U.S. Treasury sanctioned BitBank, a Tehran exchange it says moved hundreds of millions of…

3 hours ago

Corporate treasuries bought just 5,900 bitcoin in 3 months. Other demand signals look weak, too.

Corporate treasuries bought just 5,900 bitcoin in three months, while broader demand signals remain weak.Read…

5 hours ago

Ether and XRP ETFs post outflows as bitcoin moves above $77,000

Ether funds shed money for a third straight session even as the token rose, while…

6 hours ago

Bank of Japan raises interest rates by 25 basis points. Bitcoin tops $77,000

The yen declined and BTC rose after the BOJ hiked rates to the highest level…

7 hours ago