The stock of 'Strategic' rose in pre-market trading on Monday, as the company deepened its bet on crypto assets and increased its Bitcoin holdings, surpassing a value of $59 billion, based on the current price of about $104,000.
According to a regulatory disclosure made by the company formerly known as 'MicroStrategy' today, it acquired an additional 13,390 Bitcoins for approximately $1.34 billion between May 5 and May 11, at an average price of $99,856 per coin.
After the new purchases, 'Strategic's' holdings rose to approximately 568,840 Bitcoins, and the average purchase price for all of the company's assets was adjusted to $69,287.
The purchases were financed through the sale of approximately $1.31 billion in common stock and the issuance of about 274,000 preferred shares.
The stock listed on the NASDAQ under the symbol (MSTR) rose by 1.65%, after finishing yesterday's trading up by about 0.4% to $416.03.
