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

Golden Finance reports that Bitcoin giant 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, and an average cost per Bitcoin of $71,756. Based on current market prices, the company's Bitcoin reserves are valued at $72 billion, locking in nearly $28 billion in unrealized profit. Notably, according to documents released by Strategy, most of the funds for this BTC accumulation came from the sale of MSTR shares, as the company sold 1,636,373 shares of MSTR to raise approximately $736.4 million. The company also disclosed that the remaining funds were raised through minor sales of STRK, STRF, and STRD stocks, totaling $3.9 million. As of the time of writing, MSTR's stock price is reported at $430.23, up 1.66% during the trading day.