Strategy said on Monday that it had recently acquired $1.92 billion worth of Bitcoin, representing the third straight week that the software firm has disclosed purchasing the asset.
After scooping up around 22,000 Bitcoin at an average price of $87,000 per coin, the firm said it now holds 528,185 Bitcoin veiled at $35.6 billion, according to a press release.
The Tysons, Virginia-based firm said that it had meanwhile raised $1.2 billion by selling common stock through an at-the-money program unveiled in October, and $1.85 million through the sale of “STRK” perpetual preferred stock, a product introduced in January.
Strategy is authorized to sell $21 billion worth of the Nasdaq-listed product, which features an 8% cumulative dividend that’s payable in either cash or Class A shares. As of Sunday, the company can still issue $20.97 billion worth of its preferred stock. On-chain prediction market Myriad, a unit of Decrypt's parent company DASTAN, forecast a more than 92% probability that Strategy would purchase more Bitcoin during the week starting March 24.
Strategy’s stock price fell more than 3% when markets opened on Monday, dropping below $274, according to Nasdaq, but the stock regained lost ground and was in positive territory more recently.
The price of STRK also fell to $86.26 on Monday morning Eastern Time. Just over a week ago, the product, which began trading in late February, hit an all-time low of $82.
Risk assets, including Bitcoin, have wavered amid U.S. President Donald Trump’s trade war. As tensions continued running high ahead of a key tariff deadline, the asset’s price slid as low as $81,350, according to the crypto data provider CoinGecko.
The average Bitcoin price that Strategy paid for its recent acquisition is higher than a week prior, when the company said it had bought $584 million worth of Bitcoin around $84,500 per coin
