Michael Saylor’s Strategy Added 1,045 Bitcoin for $110M Last Week

Markets, MicroStrategy, Michael Saylor, Bitcoin, News The company now holds a total of 582,000 tokens purchased at an average price of just over $70,000 each. 

Michael Saylor-led Stategy (MSTR) yet again topped up its sizable bitcoin BTC holdings last week, adding an additional 1,045 BTC for $110.2 million.

The average purchase price of this latest buy was $105,426 each and the average purchase price for the company’s 582,000 coin stack rose to $70,086 each. With bitcoin trading at about $107,500 Monday morning, MSTR’s holdings are worth roughly $62.5 billion.

Last week’s buys were funded via at-the-market sales of MSTR’s STRK and STRF preferred stocks, according to an SEC filing.

MSTR stock is higher by 2% in premarket action as bitcoin rose from Friday’s close in the $105,000 area.

 CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Read More

More From Author

Sui’s Cetus DEX Is Back Online After $223M Exploit

Coinbase Alum-Founded Turnkey Raises $30M Series B to Grow Engineering Team: Report

Leave a Reply

Your email address will not be published. Required fields are marked *