Strategy Adds to Bitcoin Holdings in Significant Multi-Million Dollar Move
Strategy Ramps Up Bitcoin Bet With $765M Purchase
Strategy (MSTR) has once again expanded its bitcoin holdings, acquiring 7,390 BTC for approximately $764.9 million, according to a filing released Monday. The company paid an average of $103,498 per bitcoin in this latest purchase.
This new buy brings Strategy’s total bitcoin position to 576,230 BTC — now worth close to $59 billion at current market prices. The firm’s average cost across all its bitcoin stands at $69,726 per coin, underscoring its aggressive long-term bet on the cryptocurrency.
The purchase was funded through a dual capital raise. Between May 12 and May 18, Strategy secured $705.7 million via an at-the-market sale of Class A common stock and also issued 621,555 shares of Series A STRK preferred stock.
Bitcoin remains steady around $103,000, while MSTR shares are down more than 1% in pre-market trading.
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