Strategy Buys 196 Bitcoin for $22.1M
Last week's bitcoin purchase was funded through common stock sales and perpetual preferred stock issuance.
- MSTR bought 196 BTC for $22.1 million at an average price of $113,048.
- Total holdings now stand at 640,031 BTC at an average cost of $73,983.
- The purchases were made from common stock sales and perpetual preferred stock issuance.
Strategy (MSTR) announced on Monday that it purchased 196 BTC for $22.1 million, bringing its total holdings to 640,031 BTC. The latest purchase was made at an average price of $113,048 per bitcoin, raising the company’s overall average purchase price to $73,983.
The acquisition was funded through the issuance of common stock via an at-the-market (ATM) program, as well as the issuance of perpetual preferred stock.
Shares of MSTR rose 2.5% in pre-market trading, moving in line with a slight increase in bitcoin’s price to $112,000.
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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.
