Strategy Purchases 430 Bitcoin for $51 Million Last Week
Strategy (MSTR) added 430 bitcoin last week, purchasing at an average price of $119,666 each for a total of $51.4 million.
Key points:
- Strategy now holds 629,376 bitcoin with an average purchase price of $73,320 each.
- Current bitcoin price is $115,000, valuing MSTR's holdings at approximately $72 billion.
- Company revised its at-the-market equity issuance guidance to allow issuing equity below the previous threshold when beneficial.
- MSTR shares decreased by 2.2% premarket and over 10% in the past week, yet are up about 20% year-to-date.