Strategy Adds 22,048 Bitcoin, Boosting Holdings to Over $43B
MicroStrategy’s relentless Bitcoin (BTC) accumulation continued last week, with the company purchasing an additional 22,048 BTC for $1.92 billion, according to a Monday SEC filing. The average purchase price was $86,969 per coin.
This latest buy brings Strategy’s total bitcoin stash to 528,185 BTC, acquired at a total cost of $35.63 billion, averaging $67,458 per bitcoin. With BTC currently trading near $82,000, the company’s holdings are now valued at over $43 billion.
The acquisition was primarily funded through equity, including $1.2 billion raised via common stock issuance during the week ending March 30. An additional $18.52 million came from the company’s STRK preferred share at-the-market (ATM) offering.
Strategy also finalized its STRF preferred share offering last week, raising $711.2 million to help support the buy.
Despite the announcement, MicroStrategy (MSTR) shares were down 4% in premarket trading, tracking bitcoin’s 3% pullback since Friday’s close.
