Strategy (MSTR) Stock Continues Bitcoin Accumulation Despite Underwater Position
From parameter.io
Michael Saylor’s Strategy continues its Bitcoin accumulation strategy — though at a reduced velocity compared to recent activity. During the past week, the corporation acquired 1,031 BTC at a total cost of $76.6 million, translating to approximately $74,326 per coin. This marks a substantial reduction from the billion-dollar-plus weekly acquisitions completed in the two consecutive weeks before. The earlier large-scale purchases were executed through the sale of STRC preferred shares. In contrast, this most recent buy was financed completely through common stock offerings, as disclosed in a Monday Securities and ...
(full story)