Strategy (MSTR), the largest publicly traded corporate holder of bitcoin, purchased 168 BTC at an average price of $112,051, according to a filing on Monday.
The company financed the acquisition by raising $18.8 million through the issuance of several shares of perpetual preferred stock and common stock.
This latest purchase brings MSTR’s total bitcoin holdings to 640,418 BTC ($71 billion), with an overall average acquisition price of around $74,010.
BTC rose to over $115,000 on October 13, but fell as low as $103,500 on October 17.
Bitcoin saw a recent rally to $111,000 on Monday, helping MSTR stock post a 3% gain in pre-market trading, just below $300 per share. However, the stock remains negative year-to-date, compared to bitcoin’s 19% gain.
The MSTR/BlackRock iShares Trust (IBIT) ratio currently stands at 4.74, its lowest level since October 2024. This highlights how the IBIT ETF has outperformed MSTR over the past 12 months, as the ratio previously hit an all-time high of 8.0 in November 2024.
