Michael Saylor's Strategy Added 4,980 Bitcoin Last Week, Bringing Stack to 597,325 Coins
The fresh acquisition was funded mostly through sales of common stock with sales of preferred shares accounting for a modest proportion.
- Michael Saylor’s Strategy (MSTR) bought 4,980 bitcoin (BTC) for $531.9 million last week.
- The acquisition was financed through sales of preferred stock.
- The company’s total bitcoin holdings now stand at 597,235 bitcoin acquired for $42.4B, or an average price of $70,982 each.
Strategy (MSTR), the largest publicly traded company holding bitcoin , boosted its BTC reserves by buying 4,980 BTC for a total of $531.9 million last week.
This addition brings Strategy’s total bitcoin holdings to 597,235 BTC purchased for $42.4 billion, or an average price of $70,982 each. At bitcoin's current price of about $107,500, that stack is worth more than $64 billion.
Strategy financed the purchase through $519 million of common share sales alongside about $59 million of STRK and STRF preferred stock sales.
MSTR shares rose 3.6% to $397.49.
UPDATE (June 30, 15:50 UTC): Adds lead photo; updates stock price.
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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
