Michael Saylor’s Strategy Acquires 1,955 BTC for $217 Million
MicroStrategy (MSTR) purchased an additional 1,955 BTC for $217 million, increasing its total holdings to 638,460 BTC, as per a recent SEC filing.
- Recent purchases were made at $111,196, raising the average purchase price to $73,880 per BTC.
- BTC prices fluctuated from $110,500 to $112,200, settling at $111,800 post-announcement.
- MSTR faced shareholder criticism over its modified mNAV promise, which previously prevented share issuance if mNAV fell below 2.5X.
- The current mNAV ratio is approximately 1.5X, with MSTR shares down 26% since July, trading at $335.
- MSTR was not included in the S&P 500 index, missing the opportunity despite strong quarterly performance.