Strategy (MSTR), the largest publicly listed company holding bitcoin BTC, has increased its holdings by an additional 245 BTC for $26 million.
This latest acquisition brings Strategy’s total bitcoin holdings to 592,345 BTC worth nearly $60 billion at bitcoin current price of about $101,000. The company’s average purchase price for its entire bitcoin position now stands at $70,681.
The fresh buys were financed through proceeds raised via the at-the-market (ATM) equity offering program for its preferred stock classes, STRK and STRF.
MSTR shares are lower by 2.1% premarket as bitcoin continues to reel from the weekend strikes against Iran even as traditional markets have mostly shrugged off the news.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Brent crude surged 10% after attacks on two oil tankers in Iraqi waters, with the…
Bitcoin price failed to extend its recovery wave above the $70,500 zone. BTC is now…
Bitcoin Magazine Coinbase CPO Rejects Claims of Opposing Bitcoin Tax Relief as Jack Dorsey Demands…
The security architecture surrounding Bitcoin continues to evolve as new infrastructure emerges to support self-custody…
Bitcoin is up about 7% from the Sunday lows, even as equities and gold tread…
Bitcoin Magazine Cosmos Health (COSM) Buys $600K in Bitcoin, Expands Digital Asset Treasury Cosmos Health…