Denuch: The analyst to write this piece owns strategy sharing (MSTR)
The Strategy (MSTR) bought 7,390 BTC for approximately $ 764.9 million at an average price of $ 103,498 per Bitcoin, according to a filing on Monday.
This latest acquisition increases the company’s total Bitcoin handling to 576,230 BTC, which now costs nearly $ 59 billion based on the current market price of nearly $ 103,000 per Bitcoin. The average purchase price of the entire Bitcoin position of the approach now stands at $ 69,726
The purchase is funded by an at-the-market (ATM) that offers its class a standard stock, as well as the release of series A Strk preferred stock. Between May 12 and May 18, the approach raised $ 705.7 million from the sale of the standard stock and released 621,555 STRK sharing its preferred stock.
Bitcoin traded near $ 103,000, while MSTR shares dropped more than 1% in pre-market trading.
