Michael Saylor’s Strategy added 13,927 bitcoin for $1 billion
Last week’s purchases were completely funded by sales of Stretch, the companies perpetual preferred stock.
What to know:
- Strategy purchased 13,927 bitcoin for about $1 billion last week at an average price of $71,902 per coin.
- The company has spent roughly $59.02 billion on its bitcoin at an average cost of $75,577 per coin.
- MSTR shares are down 2.5% pre-market.
Last week’s acquisitions were entirely funded by $1 billion raised through sales of the company’s preferred stock, Stretch (STRC).
The current price of bitcoin is hovering just below $71,000, while MSTR shares are down more than 2.5% in pre-market trading.
Read More: The one metric investors are overlooking in Michael Saylor’s Strategy
