#MarketPullback
Michael Saylor's Strategy Adds 1,895 Bitcoin, Bringing Company Stack to 555,450 BTC
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A combination of sales of common stock and STRK preferred stock funded the latest purchase.
What to know:
Strategy acquired an additional 1,895 bitcoin last week for $180.3 million.
The average purchase price for this latest buy was $95,167; the average purchase price for the company stack rose to $68,550.
Strategy now holds 555,450 bitcoin acquired for more than $38 billion.
The buys were funded via sales $128.5 million of common stock and $51.8 million of STRK preferred stock. The common stock sale notably used up the remainder of MSTR's 2024 $21 billion at-the-market offering. MSTR last week introduced a new $21 billion ATM offering.
Strategy now holds 555,450 bitcoin purchased for $38.08 billion, or an average price of $68,550 each. At bitcoin's current price around $94,000, the holdings are worth north of $52 billion.
MSTR is lower by 2.7% in premarket action.
