Strategy (MSTR) acquired 855 bitcoin ahead of last week's market crash
Summary
MicroStrategy (MSTR), led by executive chairman Michael Saylor, purchased 855 bitcoin for $75.3 million, averaging $87,974 per coin, funded by common stock sales, just prior to last week's market downturn. This acquisition was relatively small compared to previous purchases. The company now holds a total of 713,502 bitcoin, acquired at an average price of $76,052 each, costing approximately $54.26 billion. With bitcoin currently trading just above $77,000, MicroStrategy is positioned slightly above its average cost basis, although its shares were down 7.3% in premarket trading.
(Source:CoinDesk)