Strategy Pushes Bitcoin Holdings to New High With $765M Buy
Strategy (MSTR) has added 7,390 more bitcoin to its treasury, spending approximately $764.9 million at an average price of $103,498 per BTC, according to a Monday filing.
This latest move pushes the company’s total bitcoin holdings to 576,230 BTC — now worth an estimated $59 billion at current market prices. The firm’s overall average purchase price sits at $69,726 per bitcoin.
To fund the acquisition, Strategy tapped capital markets, raising $705.7 million through an at-the-market offering of its Class A common shares. It also issued 621,555 shares of its Series A STRK preferred stock between May 12 and May 18.
Bitcoin is currently hovering around $103,000. Meanwhile, shares of Strategy (MSTR) are down over 1% in pre-market trading.























