Strategy Resumes Bitcoin Buying, Holdings Rise to 672,497 BTC
Strategy (MSTR), the world’s largest publicly listed corporate holder of bitcoin, returned to the market last week, expanding its stash after shoring up its cash reserves.
The company purchased 1,229 bitcoin for approximately $108.8 million, paying an average price of $88,568 per coin, according to a regulatory filing released Monday. The buy followed Strategy’s move the previous week to raise its U.S. dollar reserves to $2.2 billion.
With the latest acquisition, Strategy’s total bitcoin holdings climbed to 672,497 BTC, accumulated at a combined cost of $50.44 billion. The firm’s average purchase price now stands at $74,997 per bitcoin.
The transaction was financed through the sale of $108.8 million worth of Class A common stock.
In premarket trading, Strategy shares slipped 1% to $157, while bitcoin eased to around $87,000
