Strategy (MSTR) continued to increase its bitcoin holdings last week, making a small purchase.
The company announced on Monday that it acquired an additional 850 BTC for $99.7 million, bringing its total holdings to 639,825 coins. The purchase was made at an average price of $117,344 per bitcoin, raising the company’s overall average purchase price to $73,971.
This recent acquisition was financed through the issuance of perpetual preferred stock and common stock at-the-market (ATM), with approximately 80% of the funding coming from common stock sales.
In premarket trading, MSTR shares were down by 2.5%, reflecting a significant drop in the price of bitcoin to around $112,000.