Categories: Bitcoin Latest News

Strategy Adds Additional $1.42B of Bitcoin With Latest Purchase

Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR)

Strategy (MSTR) added another 15,355 BTC to its balance sheet over the past week, spending about $1.42 billion on the purchase, or an average price of $92,737 per bitcoin, according to a filing published on Monday.

The company’s bitcoin holdings have now risen to 553,555 BTC worth more than $52 billion at bitcoin’s current price just north of $95,000. The average purchase price for MSTR’s total stack is $64,459 each.

This latest acquisition was funded through proceeds from the company’s two at-the-market stock offerings, the filing noted. Between April 21 and April 27, Strategy sold over $4 million worth of its Class A common stock and more than 435,000 shares of its preferred stock series, STRK.
According to the 8-K filing, only $128.7 million of the common stock ATM program remains, representing just 0.6% of the initial $21 billion that began in October 2024.

Shares of MSTR are up 1.5% in pre-market trading alongside a modest rise in the price of bitcoin since Friday afternoon.

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

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