Strategy Scoops Up 3,459 More BTC, Now Holds 531,644 BTC
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR).
Strategy (MSTR) added another 3,459 BTC to its holdings last week, bringing its total bitcoin stash to 531,644 BTC.
According to a regulatory filing on Monday morning, the company purchased the additional bitcoin for $285.8 million, at an average price of $82,618 per BTC.
In total, Strategy now holds 531,644 BTC, acquired for a cumulative $35.92 billion, at an average cost of $67,556 per bitcoin.
The latest acquisition was funded through the sale of shares of common stock.
Shares of MSTR are up 1% in premarket trading, tracking bitcoin’s steady price above $84,000.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Recent Posts
Bitcoin, Ether Bulls Hit With $800M Liquidation as Trump-Musk Tussle Rattles BTC, ETH
A late-night Twitter spat between President Donald Trump and Elon Musk sparked fresh uncertainty in…
Bitcoin Network Activity Booming Despite A Quiet Market—Data
Bitcoin’s price has barely moved in the last week, but other signs point to growing…
Uber Once Again Says It’s Considering Crypto Years After Mulling BTC Payments
Uber CEO Dara Khosrowshahi said the ride-hailing giant is exploring the use of crypto as…
From Wall Street To Red Square: Moscow Exchange Lists BlackRock Bitcoin Futures
Russia’s main exchange. the Moscow Exchange, has started offering Bitcoin futures contracts. This is one…
Bitcoin Price Dips Sharply Below $102K as Profit-Taking Accelerates
Bitcoin price started a fresh decline and tested the $100,500 zone. BTC is now consolidating…
Asia Morning Briefing: Bitcoin Bulls Laser Focused on $120K Despite Trump-Musk Turmoil
Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing,…