Strategy buys 34,164 bitcoin for $2.54 billion
Last week’s purchases were funded by sales of the companies perpetual preferred stock, STRC and common stock.
What to know:
- Strategy purchased 34,164 bitcoin for about $2.54 billion last week at an average price of $74,395 per coin.
- The company has spent roughly $61.56 billion on its bitcoin at an average cost of $75,527 per coin.
- MSTR shares are down 2.5% pre-market.
Last week’s acquisitions were funded by $2.2 million raised through sales of the company’s preferred stock, Stretch (STRC), and $366 million from common stock offerings.
The current price of bitcoin is hovering around $75,000, while MSTR shares are down more than 2.5% in pre-market trading.
