Strategy (MSTR) has deepened its bitcoin exposure, purchasing an additional 13,390 BTC for approximately $1.34 billion, according to a regulatory filing published Monday. The average purchase price for the newly acquired bitcoin was $99,856.
This latest move brings the company’s total holdings to 568,840 BTC—currently valued at over $59 billion with bitcoin trading near $104,000. Strategy’s average cost basis across its bitcoin treasury now stands at $69,287 per coin.
The purchase was financed through a combination of equity strategies. Between May 5 and May 11, the company raised $1.31 billion via an at-the-market (ATM) sale of its Class A common stock and issued 273,987 shares of its Series STRK preferred stock.
Coming on the heels of last week’s Strategy Conference, the acquisition underscores the firm’s unwavering commitment to bitcoin as a core treasury reserve asset. Strategy continues to be the most prominent public company investor in bitcoin.
Following the announcement, shares of MSTR rose 2% in pre-market trading.
