Key Takeaways
- Strategy acquired 6,911 BTC last week at an average of $84,529.
- The firm now holds 506,137 BTC, bought at an average of $66,608.
- Funding came from $592.6M raised through common stock sales.
Michael Saylor’s firm Strategy added 6,911 bitcoin last week for $584.1 million, bringing its total holdings to 506,137 BTC.
The average cost of the latest purchase was $84,529 per bitcoin, according to a Monday filing.
Funding the Purchase
The acquisition was funded through the sale of 1.975 million shares of common stock, which raised $592.6 million.
Strategy’s average cost across its full stack is now $66,608 per bitcoin, totaling $33.7 billion in total spending.
CEO Update
CEO Michael Saylor confirmed the update on X, noting that Strategy has achieved a bitcoin yield of 7.7% year-to-date.
Saylor posted:
$MSTR has acquired 6,911 BTC for ~$584.1 million at ~$84,529 per bitcoin… Strategy holds 506,137 BTC acquired for ~$33.7 billion.
Preferred Stock Offering
In addition to common stock sales, the company has recently priced a new preferred stock offering, STRK.
Strategy sold $711 million of STRK last week and has raised $1.1 million from 13,100 shares so far.
Market Reaction
Shares of MSTR rose 4.8% in premarket trading on Monday, following a weekend rally that pushed bitcoin above $87,000.
