The $739.8 million funds used by Strategy to increase its BTC holdings last week still came from stock sales

CoinVoice recently learned that Strategy announced today that it increased its holdings by 6,220 BTC last week, spending $739.8 million in cash, with an average purchase price of $118,940. This latest acquisition brings Strategy's total Bitcoin holdings to 607,770 BTC, with an acquisition cost of approximately $43.61 billion, averaging $71,756 per Bitcoin. Based on current market prices, the company's Bitcoin reserves are valued at $72 billion, locking in nearly $28 billion in unrealized profits. Notably, according to public documents, most of the funds for this BTC increase came from the sale of MSTR stock, where the company sold 1,636,373 shares of MSTR to raise about $736.4 million. The company also disclosed that the remaining funds were raised by slightly selling STRK, STRF, and STRD stocks, totaling $3.9 million. As of the time of writing, the MSTR stock price is reported at $430.23, up 1.66% during the trading day. [Original link]