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Strategy Acquires 850 Bitcoin for $99.7M Last Week
- Strategy (MSTR) has increased its bitcoin holdings.
- The company purchased an additional 850 BTC for $99.7 million.
- This acquisition was made at an average price of $117,344 per bitcoin, increasing their total stash to 639,825 BTC.
- The purchase was funded mainly through common stock sales and the issuance of perpetual preferred stock.
- MSTR shares declined by 2.5% in premarket trading, coinciding with a drop in bitcoin's price to approximately $112,000.
Authors credited by the source: James Van Straten; AI Boost
Published by Holder based on an external source.
