An Additional $180.3 Million in Bitcoin Purchased

Executive Chairman Michael Saylor oversaw a slight increase in the Bitcoin holdings of Strategy (MSTR) during the previous week.

The firm acquired 1,895 BTC for $180.3 million, averaging about $95,167 per coin, as noted in a filing with the SEC on Monday.

The purchases were financed through the sale of $128.5 million in common stock and $51.8 million in STRK preferred stock. The common stock transaction utilized the final portion of MSTR’s $21 billion at-the-market offering for 2024. Recently, MSTR announced a new $21 billion ATM offering.

Strategy currently owns 555,450 bitcoins, which were acquired for a total of $38.08 billion, translating to an average price of $68,550 per coin. With Bitcoin’s market value hovering around $94,000, these assets are now valued at over $52 billion.

In premarket trading, MSTR shares have seen a decrease of 2.7%.