Strategy Adds 535 BTC As MSTR Eyes $200 For First Time Since November - Strategy (NASDAQ:MSTR)
The company resumed weekly purchases after a one-week pause, funding the latest buys with stock and preferred-stock sales.
- Executive Chairman Michael Saylor announced Monday that Strategy purchased 535 Bitcoin for roughly $43 million, resuming weekly buying after pausing ahead of first-quarter earnings.
- Strategy funded these acquisitions through at-the-market sales of MSTR common stock and STRC preferred stock, with STRC increasingly becoming the primary driver of Bitcoin acquisitions in recent weeks.
- Strategy's total holdings now reach 818,869 BTC, acquired for around $61.9 billion at an average cost of $75,540 per coin; with Bitcoin above $81,000, the stash holds roughly $4.6 billion in paper gains.
- While Strategy may occasionally sell Bitcoin to cover STRC dividends, Saylor stated, "In these periods, even if we were to sell one bitcoin, we'd be buying 10 to 20 more bitcoin."
- MSTR shares rose more than 1% in pre-market trading, continuing a 45% climb over six weeks as Saylor shared an update and stated, "Back to work.
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12 Articles
Strategy [NASDAQ: MSTR] Buys $43 Million in Bitcoin Days After Michael Saylor Floats Possibility of BTC Sales
Strategy [NASDAQ: MSTR] disclosed a fresh Bitcoin purchase on Monday, acquiring 535 BTC for approximately $43 million at an average price of $80,340 per coin, according to a Form 8-K filing submitted to the SEC. The company now holds 818,869 Bitcoin in total, acquired across its full history for roughly $61.86 billion at an average […] The post Strategy [NASDAQ: MSTR] Buys $43 Million in Bitcoin Days After Michael Saylor Floats Possibility of BT…
Strategy Adds 535 Bitcoin As Holdings Approach 820,000 BTC
Strategy has resumed its Bitcoin accumulation with a new $43 million acquisition, which has taken its holdings close to the 820,000 BTC milestone. Strategy Has Expanded Its Holdings By Another 535 Bitcoin As revealed by Strategy co-founder and chairman Michael Saylor in an X post, the company has made a fresh Bitcoin acquisition involving 535 tokens. The firm spent $80,340 per coin or a total of $43 million on the purchase. In terms of the size,…
Bitcoin News: Strategy Buys $43M in BTC After One-Week Purchase Pause
Key Insights: Bitcoin news: Strategy bought 535 BTC for $43 million at an average price of $80,340 after pausing purchases for one week. Strategy now holds 818,869 BTC, acquired for $61.86 billion at an average price of $75,540 per coin. Strategy’s latest Bitcoin buy remains smaller than its April purchases, including the $255 million BTC acquisition on April 27. Strategy resumed Bitcoin accumulation Monday after pausing purchases for one week …
Strategy returned to the market with a new purchase of Bitcoin after a brief pause linked to the publication of its quarterly results. The company led by Michael Saylor acquired 535 BTC for approximately 43 million dollars between May 4 and 10, further strengthening its position as the largest corporate holder of Bitcoin in the world. With this new operation, Strategy already accumulates 818,869 BTC, a figure valued at about 66.5 billion dollars…
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