Last week, Michael Saylor’s Strategy added $168 million worth of bitcoin to its holdings.
Strategy (MSTR) kept up its bitcoin buying streak last week, adding 2,486 BTC to its balance sheet for approximately $168.4 million.
The firm now holds 717,131 bitcoin acquired at a total cost of $54.52 billion, implying an average purchase price of $76,027 per coin. With bitcoin currently changing hands near $68,000, the company is sitting on an unrealized loss of roughly $8,000 per bitcoin — or about $5.7 billion in total.
According to a regulatory filing published Tuesday, the latest acquisitions were financed through $90.5 million in proceeds from common stock sales and $78.4 million raised via the issuance of STRC preferred shares.
Shares of Strategy fell 3.2% in premarket trading and are down more than 60% compared with a year ago.
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