Strategy (MSTR) Adds 1,142 Bitcoin for $90 Million as Bitcoin Trades Near $69,000
Strategy purchased 1,142 Bitcoin for $90 million, increasing its total holdings to 714,644 BTC, funded by its at-the-market equity program.Summary
Strategy (MSTR) announced the purchase of an additional 1,142 Bitcoin for approximately $90 million between February 2 and February 8, at an average price of $78,815 per coin. This acquisition brings Strategy's total Bitcoin holdings to 714,644 BTC, which cost the company about $54.4 billion in total, resulting in an average purchase price of $76,056 per Bitcoin. The purchase was funded by selling $89.5 million worth of Class A common stock through its ongoing at-the-market equity program. This move occurs while Bitcoin is trading near $69,000, following a period where Strategy reported a steep quarterly loss due to Bitcoin's price pullback. Despite the loss, executives expressed confidence in their ability to service debt, and analysts view the company as well-positioned to benefit from a market recovery.
(Source：Bitcoin Magazine)