Strategy Added 245 Bitcoin to Holdings Last Week
The modest $26 million purchase was funded with preferred share sales.
- Michael Saylor's Strategy (MSTR) acquired 245 bitcoin (BTC) for $26 million in the week ended June 22.
- The fresh acquisitions were funded with sales of preferred stock.
- The company now holds 592,345 BTC purchased at an average price of $70,681 each.
Strategy (MSTR), the largest publicly listed company holding bitcoin , has increased its holdings by an additional 245 BTC for $26 million.
This latest acquisition brings Strategy’s total bitcoin holdings to 592,345 BTC worth nearly $60 billion at bitcoin current price of about $101,000. The company’s average purchase price for its entire bitcoin position now stands at $70,681.
The fresh buys were financed through proceeds raised via the at-the-market (ATM) equity offering program for its preferred stock classes, STRK and STRF.
MSTR shares are lower by 2.1% premarket as bitcoin continues to reel from the weekend strikes against Iran even as traditional markets have mostly shrugged off the news.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
