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The organization currently possesses 738,731 bitcoin, acquired for approximately $56 billion and valued at around $50 billion at the existing price, just under $68,000.
Michael Saylor, Executive Chairman of Strategy (Gage Skidmore/CC BY-SA 2.0/Modified by CoinDesk)
Under the leadership of Executive Chairman Michael Saylor, Strategy (MSTR) executed a significant bitcoin acquisition last week.
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The prominent bitcoin treasury firm increased its holdings by 17,994 bitcoin, at a total expenditure of $1.28 billion, equating to $70,946 per coin. The company’s total now includes 738,731 BTC, purchased for $56.04 billion, or $75,862 per coin.
Bitcoin is presently trading just below $68,000.
Last week’s acquisitions were primarily financed through $900 million from common stock sales. The organization also divested $377 million of its STRC preferred stock series, as indicated in a filing on Monday morning.
MSTR shares have risen by 0.2% in pre-market trading.
