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Strategy Adds $100 Million in Bitcoin Using MSTR Stock Sale Proceeds
Strategy purchased another 1,587 bitcoin for approximately $100 million between June 8 and June 14, paying an average price of $63,024 per bitcoin, according to a filing with the Securities and Exchange Commission. The purchase brings the company’s total holdings to 846,842 BTC, making Strategy by far the largest corporate bitcoin holder. The position is worth about $56 billion at current prices, compared with an aggregate purchase cost of roughly $64.1 billion, including fees and expenses. The latest acquisition was funded through proceeds from at-the-market sales of Strategy’s Class A common stock, MSTR. The ... (full story)
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