Strategy (MSTR) added 390 BTC to its holdings during the week ended October 26, bringing its total to 640,808 BTC at an average purchase price of $74,032 per coin and an aggregate cost basis of $47.44 billion.
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For the fourth consecutive week, Strategy did not draw on its at-the-market program for MSTR shares, leaving the $15.909 billion of remaining issuance capacity unchanged.
The latest Bitcoin purchases cost $43.4 million at an average of $111,117 per coin, and were funded through the sale of preferred stock under its STRF, STRK and STRD ATM programs. Strategy’s October 27 8-K shows net proceeds of $19.4 million from STRF shares, $17.0 million from STRK shares and $7.0 million from STRD shares sold over the last week .
The last issuance of MSTR common stock under the ATM was in the week of September 22–28, when $116.4 million in net proceeds were raised primarily to pay dividends on preferred shares.
Read More: Strategy acquires 168 Bitcoin as it skips MSTR issuance for the third week in a row
At time of publication, MSTR is up 3.5% during pre-market hours.
