Strategy (MSTR), the largest publicly traded bitcoin holder, bought 168 BTC at an average price of $112,051, according to a filing on Monday.
The company financed the acquisition by raising $18.8 million through the issuance of various perpetual preferred stock and common stock.
This latest purchase brings MSTR’s total bitcoin holdings to 640,418 BTC ($71 billion), with a total average acquisition price of around $74,010.
BTC rose to over $115,000 on October 13th, but fell as low as $103,500 on October 17th.
Bitcoin’s has seen a recent rally to $111,000 on Monday, helping MSTR shares up 3% in pre-market trading, just below $300 a share. stock. However, the stock remains negative on a year-over-year basis compared to bitcoin’s 19% gain.
The MSTR/BlackRock iShares Trust (IBIT) ratio is currently at 4.74, the lowest level since October 2024. This highlights how the IBIT ETF has outperformed MSTR over the past 12 months, as the ratio previously hit an all-time high of 8.0 in November 2024.
