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Strategy (MSTR) Acquired 10,645 Bitcin (BTC) Last Week

CoinDesk
Strategy acquired 10,645 bitcoin for $980.3 million last week, marking its second consecutive weekly purchase near $1 billion.

Summary

MicroStrategy (MSTR), the largest publicly traded Bitcoin holder, purchased another 10,645 BTC last week for $980.3 million, averaging $92,098 per coin. This marks the second straight week the company has acquired approximately $1 billion worth of Bitcoin, funded primarily through the sale of $888.2 million in common stock. The company's total holdings now stand at 671,268 BTC, acquired for an average price of $74,972 per coin. This aggressive buying strategy, led by Michael Saylor, involved pushing aside concerns about shareholder dilution to fund the purchases. Separately, Strategy was confirmed to remain a Nasdaq 100 constituent and pushed back against MSCI's digital asset exclusion proposal.

(Source:CoinDesk)