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The company now holds 717,131 bitcoin, purchased for $54.52 billion, equating to $76,027 per coin. The current market price for bitcoin is $68,000.
Strategy’s Michael Saylor (Gage Skidmore/CC BY-SA 2.0/Modified by CoinDesk)
Key points:
- Strategy (MSTR) acquired 2,486 bitcoin for $168.4 million over the past week.
- The company now possesses 717,131 BTC, purchased for $54.52 billion, averaging $76,027 per coin, which is significantly lower than the current price of $68,000.
- The recent acquisitions were financed through common stock sales and the sale of the STRC preferred series.
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Strategy (MSTR) has maintained its regular bitcoin acquisition strategy, adding 2,486 BTC at a cost of $168.4 million in the last week.
The total holdings of the company now amount to 717,131 bitcoin, purchased for $54.52 billion, averaging $76,027 per coin. With bitcoin priced at $68,000, this results in a loss of approximately $8,000 per coin, totaling around $5.7 billion.
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The purchases made last week were supported by $90.5 million from common stock sales and $78.4 million from the company’s STRC preferred series stock sales, as detailed in a filing on Tuesday morning.
MSTR shares have declined by 3.2% in premarket trading and are down over 60% on an annual basis.
