Strategy (Mstr) continued to add its Bitcoin Stash last week, though it was a relatively small purchase.
The company on Monday said it bought another 850 BTC for $ 99.7 million, increasing its total holdings to 639, 825 coins. This purchase was made at an average price of $ 117,344 per Bitcoin, which lifted the company’s total average purchase price at $ 73,971.
This latest acquisition was funded through the issuing of eternally preferred stock and joint stock in the market (Atm)Although about 80% of this funding was through regular stock sales.
Shares of MSTR fell 2.5% in the Premarket trade along with a significant slide in the price of Bitcoin to approx. $ 112,000.
