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Strategy Acquires 7,390 Bitcoin for $764.9 Million in Recent Purchase
Strategy (MSTR) has acquired 7,390 BTC for about $764.9 million, at an average price of $103,498 per bitcoin.
- Total bitcoin holdings now reach 576,230 BTC, valued at approximately $59 billion.
- Average purchase price for the entire bitcoin position is $69,726.
- The acquisition was financed through an at-the-market offering of Class A common stock and Series A STRK preferred stock.
- Between May 12 and May 18, Strategy raised $705.7 million from common stock sales and issued 621,555 shares of STRK preferred stock.
- Current bitcoin trading price is around $103,000; MSTR shares are down over 1% in pre-market trading.