What to know:
- Michael Saylor’s Strategy just went on a Bitcoin shopping spree, snatching up an extra 22,048 btc for $1.92 billion, bringing his total holdings to 528,185 tokens. 🚀
- The average purchase price of his crypto stash has soared to $67,458, while Bitcoin itself is chillin’ at around $82,000. 📈
- This latest round of Bitcoin binge-buying was mostly financed by selling more common stock. 🧑💻
The Strategy (MSTR) Bitcoin (BTC) acquisition juggernaut kept rolling strong last week. 😎
The company scooped up 22,048 BTC for $1.92 billion, or an average price of $86,969 per token, according to a Monday morning filing. Total holdings are now 528,185 bitcoin, purchased for a whopping $35.63 billion, with an average price of $67,458 per token.
At the current price of about $82,000, those holdings are worth more than $43 billion. Cha-ching! 💸
This latest Bitcoin binge was mainly paid for by issuing more common shares, a total of $1.2 billion worth in the week ending March 30, as per the filing. Strategy also dipped into its STRK preferred share ATM for an additional $18.52 million during the week.
The company also closed its STRF preferred share offering last week, raking in another $711.2 million. 💸
MSTR is down by 4% in premarket trading, mirroring Bitcoin’s approximately 3% dip since the market closed on Friday. 📉
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2025-03-31 15:29