In the midst of considerable prices volatility, strategy (Mstr) He continued building his bitcoin Stack last week, buying 3,081 coins for $ 356.9 million, or an average price of $ 115,829 each.
The company’s holdings are now 632,457 BTC acquired for $ 46.5 billion, or an average price of $ 73,527 each.
The fall of Bitcoin to $ 111,000 in the last 24 hours makes these holdings are worth around $ 70.2 billion in the morning hours of Monday morning.
Bitcoin’s purchases last week were mainly financed through sales of ordinary shares, of which the company raised $ 300.9 million. The modest sales of three of the four problems of MSTR preferred actions represented the rest of the financing.
Michael Saylor and the strategy last week caused the anger of at least some of their fans, reviewing a promise to never sell common shares when the price was below 2.5x Mnav.
Mstr, of course, has been under considerable pressure in recent weeks and Mnav, a measure of the multiple of the company’s valuation versus its Bitcoin holdings, has been below 2 times for some time.
Mstr is lower in more than 4% prejudice before together with the pronounced slide in Bitcoin.
