Michael Saylor's Strategy Acquires 13,927 Bitcoin for $1 Billion
Strategy buys 13,927 bitcoin for $1 billion, entirely through STRC
Coindesk
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Michael Saylor's company, Strategy (MSTR), has purchased 13,927 bitcoin for approximately $1 billion, funded entirely through sales of its preferred stock, Stretch (STRC). This acquisition increases its total bitcoin holdings to 780,897 BTC, acquired at an average cost of $75,577 per coin.
- 01Strategy purchased 13,927 bitcoin for about $1 billion.
- 02The average purchase price was $71,902 per bitcoin.
- 03Total bitcoin holdings now stand at 780,897 BTC.
- 04Total investment in bitcoin amounts to approximately $59.02 billion.
- 05MSTR shares have seen a decline of 2.5% in pre-market trading.
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Michael Saylor's Strategy (MSTR) has made a significant acquisition of 13,927 bitcoin for approximately $1 billion, with an average purchase price of $71,902 per coin. This recent purchase brings the company's total bitcoin holdings to 780,897 BTC, which have been acquired at a total cost of around $59.02 billion and an average cost basis of $75,577 per coin. The funding for this acquisition was entirely sourced from the sale of the company's preferred stock, Stretch (STRC). Meanwhile, the current price of bitcoin is just below $71,000, and MSTR shares have dropped by 2.5% in pre-market trading. The cryptocurrency market is experiencing volatility, influenced by rising tensions in the Middle East and fluctuations in crude oil prices, which have led traders to adopt more defensive positions.
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