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.

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