Latest Purchase Sees Strategy Add 525 Bitcoin

MicroStrategy (MSTR) added 525 bitcoin in its latest purchase, spending $60.2 million and bringing total holdings to 638,985 BTC, according to a Monday SEC filing.

The purchase was made at an average price of $114,562 per bitcoin, maintaining the company’s overall average acquisition cost at the same level.

The news comes as bitcoin slipped in European trading, declining from nearly $117,000 to around $115,000.

Year-to-date, MSTR shares have underperformed bitcoin, gaining 11% compared with bitcoin’s 23% rise. In pre-market trading Monday, MSTR shares were priced at $330 each.