Crypto World
MSTR added 22,337 BTC last week, marking another mammoth purchase
Strategy (MSTR), the world’s largest publicly traded holder of bitcoin, continued with its large string of weekly purchases, adding $1.57 billion worth of BTC, according to a Monday filing.
Led by executive chairman Michael Saylor, the company added 22,337 bitcoin at an average price of $70,194 per coin, bringing holdings to 761,068 coins, acquired for $657.61 billion, or an average of $75,696 per coin.
In terms of bitcoin acquired, it was the fifth-largest ever weekly purchase of coins by the company.
Bitcoin was trading at $73,600 on Monday morning, higher by 2.6% over the past 24 hours.
The latest addition to the company’s bitcoin stash was mostly funded via $1.1 billion in sales of the firm’s STRC series of preferred stock. The company also sold $396 million of common stock.
MSTR shares are up 4% in pre-market trading as bitcoin rose through the weekend, currently trading at $73,600, up 2.6% over the past 24 hours.
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