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.