Led by executive chairman Michael Saylor, Strategy (MSTR) added modestly to his Bitcoin holdings last week.
The company bought 1,895 BTC for $ 180.3 million or an average price of $ 95,167 each, according to a SEC archiving Monday Morning.
The purchases were financed through sale $ 128.5 million of joint shares and $ 51.8 million of Strk preferred stock. The ordinary stock sale, especially used for the rest of MSTR’s 2024 $ 21 billion on the market. Last week, Mstr introduced a new ATM offer of $ 21 billion.
Strategy now owns 555,450 Bitcoin purchased for $ 38.08 billion or an average price of $ 68,550 each. At Bitcoin’s current price around $ 94,000, stocks are worth the north of $ 52 billion.
MSTR is lower by 2.7% in the Premarket action.