Michael Saylor’s MSTR Acquires 1,045 Bitcoin for $110.2 Million
Michael Saylor's company, MSTR, increased its bitcoin holdings by 1,045 BTC for $110.2 million last week.
- The average purchase price for this buy was $105,426 per BTC.
- The total average price for MSTR's 582,000 BTC holdings is now $70,086 each.
- Current value of MSTR's bitcoin holdings is approximately $62.5 billion, with bitcoin trading around $107,500.
- Purchases were financed through at-the-market sales of MSTR's STRK and STRF preferred stocks.
- MSTR stock rose by 2% in premarket trading as bitcoin prices increased from Friday's close of approximately $105,000.