Michael Saylor's MSTR Purchased 8,178 BTC Last Week

Michael Saylor's MSTR Purchased 8,178 BTC Last Week

Hamstrung from common share sales due to the cratering in their stock price, Michael Saylor and team turned to preferred share issuance.

Strategy Shares Dip Despite $835 Million Bitcoin Purchase—Its Largest in 4 Months

Strategy’s euro-denominated preferred shares debuted earlier this month.

Will MSTR stock recover? Saylor’s Strategy buys 8,178 BTC

Strategy, which trades under the ticker symbol MSTR, saw its stock price gap lower on Monday as Bitcoin continued its strong downward trend and as the company continued its buying spree. Strategy stock dropped to $192, its lowest level since…

LATEST: Saylor’s Strategy Strikes Again With 8,178 New Bitcoin For $835 Million

Michael Saylor’s company Strategy (MSTR) has shocked crypto markets with a major return to large-scale bitcoin accumulation. The firm purchased 8,178 BTC last week for $835.6 million, paying an average of $102,171 per coin. This marks the company’s biggest buy in months after a long stretch of smaller, incremental additions.Most of the purchase was powered by Strategy’s newly issued preferred offering, STRE, known as Steam, which drew strong int…