Strategy (NASDAQ: MSTR) acquired 1,229 bitcoin at an average price of $88,568 for $108.8 million between December 22 and December 28, funding the buy with proceeds from MSTR sales.
The company raised $108.8 million through its MSTR at-the-market offering the same week to fund the purchase.
As of Sunday, Strategy holds 672,497 bitcoin with the total cost basis for these holdings standing at $50.44 billion for an average purchase price of $74,997 per bitcoin.
The week before last, Strategy raised $747.8 million via stock sales but didn’t buy any bitcoin, opting instead to pad its USD reserves to $2.19 billion. Strategy did not disclose their USD reserve in the latest disclosure.
The company did not sell any preferred stock during the reported week.
Header image by Gage Skidmore via Wikimedia Commons.
