Over the past week, Michael Saylor’s Strategy (MSTR) augmented its bitcoin holdings by 13,927 coins at an average rate of approximately $71,902 per coin. This acquisition amounted to nearly $1 billion, as disclosed in a recent Monday filing.
This addition brings MSTR’s total bitcoin reserves to 780,897 BTC, which have been acquired for around $59.02 billion, translating to an average cost basis of $75,577.
The funding for these latest purchases was entirely sourced from $1 billion raised through the sale of the company’s preferred stock, Stretch (STRC).
Currently, bitcoin is trading just below $71,000, while MSTR’s shares have seen a decline of over 2.5% in pre-market trading.
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