Strategy Boosted Its Holdings by 245 Bitcoin Last Week

Strategy Adds 245 Bitcoin to Holdings, Bringing Total Stash Near $60B

Strategy (MSTR), the largest publicly traded company holding bitcoin, has expanded its crypto reserves with the purchase of an additional 245 BTC for approximately $26 million.

This latest acquisition lifts Strategy’s total bitcoin holdings to 592,345 BTC, valued at nearly $60 billion based on bitcoin’s current price of around $101,000. The company’s average purchase price across its entire bitcoin position now stands at $70,681 per BTC.

The purchase was funded through proceeds raised via an at-the-market (ATM) equity offering program for its preferred stock classes, STRK and STRF.

Shares of MSTR were down 2.1% in premarket trading as bitcoin continued to feel pressure following U.S. airstrikes on Iran over the weekend, even as traditional financial markets largely shrugged off the geopolitical tensions.

  • Related Posts

    Crypto shouldn’t risk its reputation defending stablecoin yield, Ric Edelman says.

    Veteran financial advisor Ric Edelman says the crypto industry may need to compromise in the debate over yield-bearing stablecoins, warning that the powerful banking lobby is likely to prevail in…

    Continue reading
    Bitcoin pushes above $71,000 as oil and the dollar decline following Iran war comments from Donald Trump.

    Crypto markets advanced on Tuesday as the U.S. dollar weakened following remarks from Donald Trump suggesting the conflict involving Iran could end sooner than expected. Despite the rebound, Bitcoin remains…

    Continue reading