Strategy Acquires 6,911 Bitcoin for $584 Million, Totaling 506,137 Tokens
Michael Saylor's company, MSTR, has increased its bitcoin holdings to over 500,000 tokens following recent purchases.
- MSTR acquired 6,911 bitcoin for $584.1 million at an average price of $84,529 per token.
- Total holdings now stand at 506,137 BTC, purchased for $33.7 billion at an average cost of $66,608 each.
- The acquisition was funded by selling 1.975 million shares of common stock, raising $592.6 million.
- Recently, MSTR launched a preferred stock offering of $711 million, with 13,100 shares sold to date, generating $1.1 million.
- MSTR shares rose by 4.8% in premarket trading amid a bitcoin rally above $87,000.