Strategy (NASDAQ: MSTR) acquired 17,994 bitcoin at an average price of $70,946 per coin last week, bringing its total holdings to 738,731 bitcoin as of Sunday.
Strategy funded the $1.28 billion purchase through an at-the market offering for its MSTR common stock and STRC preferred stock. The company sold 6,327,541 shares of MSTR for $899.5 million and 3,776,205 shares of STRC for $377.1 million.
Prior to this most recent buy, Strategy increased the regular dividend rate for its Variable Rate Series A Perpetual Stretch Preferred Stock from 11.25% to 11.50%.
During the week of February 23, Strategy acquired 3,015 bitcoin for $204.1 million at an average cost of $67,700 per coin. The earlier acquisitions utilized $237.1 million in at-the-market sales of MSTR and preferred stock.
Strategy first began accumulating bitcoin in August 2020 and its overall average purchase price is $75,862 per coin.
Header image by Gage Skidmore via Creative Commons.
