Michael Saylor's Strategy Adds 1,895 Bitcoin, Bringing Company Stack to 555,450 BTC
A combination of sales of common stock and STRK preferred stock funded the latest purchase.
Led by Executive Chairman Michael Saylor, Strategy (MSTR) added modestly to its bitcoin holdings last week.
The company purchased 1,895 BTC for $180.3 million, or an average price of $95,167 each, according to a Monday morning SEC filing.
The buys were funded via sales $128.5 million of common stock and $51.8 million of STRK preferred stock. The common stock sale notably used up the remainder of MSTR's 2024 $21 billion at-the-market offering. MSTR last week introduced a new $21 billion ATM offering.
Strategy now holds 555,450 bitcoin purchased for $38.08 billion, or an average price of $68,550 each. At bitcoin's current price around $94,000, the holdings are worth north of $52 billion.
MSTR is lower by 2.7% in premarket action.
