Strategy Buys 17,994 BTC for $1.3 Billion, Now Holds 738,731 BTC

Strategy bought 17,994 BTC last week for $1.28 billion at about $70,946 per coin.
The company's total holdings rose to 738,731 BTC acquired for $56.04 billion at an average $75,862 per bitcoin.
The purchase was funded mostly by $900 million in common stock sales plus $377 million of STRC preferred stock.

Image Source

Strategy disclosed another large bitcoin purchase last week, led by Executive Chairman Michael Saylor.

The company said it bought 17,994 BTC for $1.28 billion, paying an average of $70,946 per coin.

Purchase details

Following the acquisition, Strategy’s bitcoin holdings rose to 738,731 BTC.

The company said it has acquired that total position for $56.04 billion, or an average cost of $75,862 per bitcoin.

Strategy said the buys were mostly funded through $900 million in sales of common stock.

It also sold $377 million of its STRC preferred series of stock, according to a Monday morning filing.

MSTR shares were up 0.2% in pre-market trading.

Strategy remains the largest publicly traded bitcoin treasury company.

Original Article