Strategy expands its bitcoin stash after spending $109 million on 1,229 BTC

Strategy Boosts Bitcoin Holdings, Total Reaches 672,497 BTC

Strategy (MSTR), the largest publicly traded corporate holder of bitcoin, resumed purchases last week after increasing its cash reserves.

According to a Monday regulatory filing, the company acquired 1,229 BTC for $108.8 million, at an average price of $88,568 per coin. The move followed a cash raise the previous week, which brought its U.S. dollar reserves to $2.2 billion.

With this latest addition, Strategy’s total bitcoin holdings now stand at 672,497 BTC, purchased for a total of $50.44 billion. The firm’s average cost per bitcoin is $74,997.

The purchase was financed through the sale of $108.8 million in Class A common stock.

In premarket trading, MSTR shares fell about 1% to $157, while bitcoin traded near $87,000.