Strategy (MSTR), the world’s largest publicly traded corporate holder of bitcoin, expanded its position last week by acquiring 3,015 BTC for approximately $204.1 million, or an average price of $67,700 each.
Bitcoin is trading at $66,000 on Monday morning, and MSTR stock is holding steady in early trading.
To finance the purchases, Strategy raised approximately $229.9 million through the sale of common stock, along with $7.1 million in net proceeds from its Series A Variable Rate Perpetual Stretch Preferred Stock, STRC, according to a filing Monday.
Following the latest purchase, the company now holds 720,737 BTC purchased for approximately $54.77 billion, or an average price of approximately $75,985 per coin.
