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]
Bitcoin Magazine Bitcoin Community Recognizes Quantum Computing Risk: VanEck Quantum computing is a risk to…
Bitcoin Magazine Bitcoin Price Surges Over $81,000 Despite Clarity Act Fail and Interest Rate Hike…
Bitcoin Magazine The Next 3-5 Years of Bitcoin Lending SALT Lending CRO Hunter Albright says…
Bitcoin is down just 1.5% in its historically weakest month and remains on track for…
Bitcoin recovered from $75,972 overnight to just below $78,000, a third straight day of gains.Read…
The U.S. Treasury sanctioned BitBank, a Tehran exchange it says moved hundreds of millions of…