US Edition
Strategy Buys 34,164 Bitcoin For $2.54 Billion: Will MSTR Rally? - Strategy (NASDAQ:MSTR)
The company funded the buy with stock sales and now holds bitcoin worth about $61.56 billion at an average cost of $75,527.
- Strategy added 34,164 Bitcoin to its treasury last week for roughly $2.54 billion, bringing total holdings to 815,061 BTC at an average cost basis of $75,527 per coin.
- Michael Saylor hinted at the expansion on Sunday, stating "Think even bigger," as the acquisitions were funded by $2.17 billion from preferred stock STRC sales and $366 million from common stock offerings.
- STRC has become Strategy's primary funding source, recording a $1.1 billion trading day up nearly 50% from its previous high while offering an annualized dividend rate of 11.5%.
- MSTR shares are down more than 2.5% in pre-market trading on Monday, a pullback following the stock's 11% surge on Friday.
- Key support sits at $164.32 for the 100 EMA, while Resistance clusters at $180; if Bitcoin closes the year at $162,000, MSTR would reach earnings per share of $166.
25 Articles
25 Articles
Strategy Buys 34,164 Bitcoin For $2.54 Billion: Will MSTR Rally? - Strategy (NASDAQ:MSTR)
Strategy Inc. (NASDAQ:MSTR) has purchased of 34,164 Bitcoin (CRYPTO: BTC) for $2.54 billion at an average price of $74,395 between April 13 and April 19. The Third-Largest Purchase Strategy’s latest acquisition brings total holdings to 815,061 BTC, acquired for approximately $61.56 billion at an average cost basis of $75,527. With Bitcoin trading around $75,000, the position sits roughly breakeven. The purchase ranks as Strategy’s third-largest…
I turn on the crypt market. Strategy has unpacked BlackRock as Bitcoin’s largest holder with 815.061 BTC, according to the firm’s announcement to the United States Stock Exchange and Securities Commission (SEC) this Monday. Billionaire Michael Saylor’s company has closed the purchase of 2.540 million Bitcoin, the largest purchase since 2024 after benefiting from the digital asset rally.
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
