Strategy (Mstr) – The original and leading Bitcoin Treasury Company – added 430 Bitcoin to his stack last week.
Led by performing chairman Michael Saylor made the company these recent purchases at an average price of $ 119,666 each for a total of $ 51.4 million
Strategy now owns 629,376 Bitcoin purchased for an average pice of $ 73,320 each. Bitcoin’s big fall overnight has brought the price down to $ 115,000, making Mstr’s stack worth approx. $ 72 billion.
Saylor also announced that the strategy is revising its market (Atm) Guidance on equity. Previously, the company had stated that it would not issue common shares when the shares traded under 2.5x mnav-one step, which was intended to facilitate the equity owner’s concerns about dilution.
The updated guide now provides flexibility to issue equity under this threshold when considered advantageous to the company.
Mstr shares are lower by 2.2% premarket and down by more than 10% over the past week. Shares remain higher with approx. 20% year to date.
