3 days ago
Michael Saylor-led Stategy (MSTR) brought its bitcoin involvement supra 500,000 tokens with further purchases made past week.
The institution purchased 6,911 bitcoin for $584.1 million, oregon an mean outgo of $84,529 per token, according to a filing Monday morning.
That brought the company's holdings to 506,137 BTC acquired for $33.7 billion, oregon an mean outgo of $66,608 each.
Strategy funded this latest acquisition via the merchantability of 1.975 cardinal shares of communal stock, which raised $592.6 million.
The company's latest preferred banal offering, $711 cardinal of STRK, lone priced precocious past week. To date, Strategy has sold 13,100 shares, raising $1.1 million, according to the filing.
MSTR is higher by 4.8% successful premarket trading alongside a rally successful bitcoin implicit the play to supra $87,000.
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