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Strategy (MSTR) news: company added 2,486 bitcoin last week

CoinDesk
MicroStrategy purchased 2,486 Bitcoin for $168.4 million last week, increasing its total holdings to 717,131 BTC.

Summary

MicroStrategy (MSTR), led by Michael Saylor, continued its strategy of acquiring Bitcoin last week, adding 2,486 BTC for $168.4 million. This purchase brings the company's total holdings to 717,131 Bitcoin, acquired at an average cost of $76,027 per coin, totaling $54.52 billion. Given Bitcoin's current price of $68,000, MicroStrategy is currently holding an unrealized loss of approximately $5.7 billion across its entire stack. The recent acquisition was funded through $90.5 million in common stock sales and $78.4 million from sales of the company's STRC preferred stock. Following this news, MSTR shares were down 3.2% in premarket trading and have fallen over 60% year-over-year.

(Source:CoinDesk)