Strategy (Mstr) Announced another 1,955 BTC purchase for $ 217 million Monday, which brought the technology company’s total inventory up to 638,460 BTC, according to a SEC archiving.
The recent buyer was made at $ 111,196 and lifted the average purchase price up to $ 73,880 bet Bitcoin.
The message comes as BTC rose from $ 110,500 to $ 112,200 Monday Morning, with prices that slid a little to $ 111,800 after the news broke.
The move is coming as Mstr has recently been subjected to some criticism from its shareholders, especially because of its MNAV promise. The company said in July that it will not issue any shares if its mnav went below 2.5x, only to scrape the lift a month later and said it has changed the guidance, allowing potential dilution to its owners.
The metric, which is a relationship that shows the stock value compared to the value of Bitcoin stocks, has been reduced to approx. 1.5x of late along with a jump in the Mstr Aktie courses. The share is currently shopping for $ 335, after losing 26% of its value since July.
The new purchases also come as the strategy missed last week about the potential to be added to the S&P 500 index, beaten by Robinhood (HOOD)Despite the hope of inclusion after MSTR published one of the strongest quarters in its history and met all the criteria for participating in the index.
Read more: Michael Saylor’s strategy snubbed by the S&P 500 in the middle of Robinhood’s surprise inclusion
