Strategy (NASDAQ: MSTR) added 168 Bitcoin to its holdings during the week ended October 19, bringing its total to 640,418 BTC at an average purchase price of $74,010 per coin and an aggregate cost basis of $47.40 billion.
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For the third consecutive week, Strategy did not draw on its ATM program for MSTR (the common equity), leaving the $15.91 billion of remaining capacity unchanged.
The latest Bitcoin purchases cost $18.8 million, at an average of $112,051 per coin, and were funded through the sale of preferred stock under its STRF, STRK, and STRD ATM programs. Strategy’s October 20 8-K shows net proceeds of $11.2 million from STRF shares, $5.1 million from STRK shares, and $2.6 million from STRD shares sold over the last week.
The last issuance of MSTR was in the week of September 22 – 28, where $116.4 million in net proceeds were raised primarily to pay dividends on the preferred shares.
Read More: Strategy raises $27.3 million and buys 220 Bitcoin for its first purchase in two weeks
At time of publication, MSTR is up 4.7% from Friday’s close.
