Firm Adds 13,390 Bitcoins in Massive $1.34 Billion Buy

Strategy (MSTR), led by executive chairman Michael Saylor, has added another 13,390 bitcoin (BTC) to its treasury, reaffirming its position as the largest corporate holder of the cryptocurrency.

According to a filing released Monday, the company spent approximately $1.34 billion on the latest purchase at an average price of $99,856 per BTC. The acquisition lifts Strategy’s total bitcoin holdings to 568,840 BTC—now valued at over $59 billion with bitcoin trading near $104,000.

The company’s average cost basis across its total stack now sits at $69,287 per bitcoin.

To finance the purchase, Strategy leveraged two capital-raising vehicles: an at-the-market (ATM) equity offering and the issuance of preferred shares. Between May 5 and May 11, the firm raised $1.31 billion through sales of its Class A common stock and issued 273,987 shares of its Series STRK preferred stock.

The move follows the company’s recent Strategy Conference and reinforces its long-term bullish stance on bitcoin. MSTR shares are up 2% in pre-market trading following the announcement.

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