Strategy Added 850 Bitcoin for Nearly $100M Last Week

Strategy (MSTR) continued to adhd to its bitcoin (BTC) stash past week, though it was a comparatively tiny purchase.

The institution Monday said it bought different 850 BTC for $99.7 million, expanding its full holdings to 639,,825 coins. This acquisition was made astatine an mean terms of $117,344 per bitcoin, lifting the company’s wide mean acquisition terms to $73,971.

This latest acquisition was funded done the issuance of perpetual preferred banal and communal banal at-the-market (ATM), though astir 80% of that backing was done communal banal sales.

Shares of MSTR were down 2.5% successful premarket trading alongside a sizable descent successful the terms of bitcoin to astir the $112,000.