Michael Saylor’s Strategy announced the purchase of 592 Bitcoin for an aggregate purchase price of $39.8 million Monday. The company sold 297.940 shares of its MSTR common stock for proceeds of $39.7 million to fund the purchase, according to a new 8K filing from the Tyson’s Corner-based firm.
The average purchase price for this tranche was $67,286 per bitcoin, one of the lowest average entry prices since 2024.
As of February 22, Strategy still had billions in issuance capacity available, including $7.84 billion tied to its common stock ATM program.
Following the latest purchases, Strategy’s total bitcoin holdings rose to 717,722 BTC, acquired at an aggregate purchase price of $54.56 billion. The company’s average purchase price across its entire bitcoin position now stands at $76,020 per BTC, inclusive of fees and expenses.
