Strategy acquires 34,164 bitcoin for $2.54 billion, marking the third-largest purchase in company history
Last week’s acquisitions were financed through the sale of the company’s perpetual preferred stock, STRC, and its common stock.
Key details:
— Strategy bought 34,164 bitcoin for approximately $2.54 billion last week at an average price of $74,395 per coin.
— The firm has invested roughly $61.56 billion in bitcoin at an average cost of $75,527 per coin.
— MSTR shares are down 2.5% pre-market.
Michael Saylor’s Strategy (MSTR) added 34,164 bitcoin to its treasury over the past week at an average price of about $74,395 per coin, for a total cost of roughly $2.54 billion, according to a Monday filing.
The purchase brings the company’s total holdings to 815,061 BTC, acquired for approximately $61.56 billion at an average cost basis of $75,527. With BTC currently trading at around $75,000, Strategy’s stash is currently break even. Strategy is the world’s largest publicly-listed bitcoin holder. It began acquiring BTC as a balance sheet asset in 2020.
Last week’s acquisitions were funded by $2.2 million raised through sales of the company’s preferred stock, Stretch (STRC), and $366 million from common stock offerings.
MSTR shares are down more than 2.5% in pre-market trading.