Strategy (MSTR), the world’s largest publicly traded company that owns bitcoin, 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, and the purchases are funded entirely through sales of common stock, according to an SEC filing.
The company now owns 717,722 bitcoins acquired for $54.56 billion, or an average price of $76,020 per coin. Given that Bitcoin is currently trading just above $66,000, the position represents an unrealized loss of approximately $10,000 per coin, or about $7 billion in total.
This morning’s news is something of a milestone. According to a cheeky X post by CEO Michael Saylor, it was Strategy’s 100th announcement of a bitcoin purchase since the company (then called MicroStrategy) began acquiring BTC in August 2020.
MSTR stock is down 2.5% in premarket action and more than 50% year over year.
