Strategy (MSTR), the world’s largest publicly traded bitcoin company, made a small BTC acquisition last week, adding 592 coins for $39.8 million.
That’s an average purchase price of $67,286 per bitcoin, with the purchase financed entirely through the sale of common stock, according to an SEC filing.
The company now has 717,722 bitcoins acquired for $54.56 billion, or an average price of $76,020 per coin. With bitcoin currently trading just above $66,000, the position represents an unrealized loss of around $10,000 per share. coin, or about $7 billion in total.
This morning’s news is a milestone of sorts. According to a cheeky X post by executive chairman Michael Saylor, it was Strategy’s 100th announcement of a bitcoin purchase since the company (then called MicroStrategy) began buying up BTC in August 2020.
MSTR shares are down 2.5% pre-market and more than 50% year-to-date.
