Strategy (MSTR), the world’s largest publicly traded corporate holder of bitcoin, expanded its position last week by acquiring 3,015 BTC for approximately $204.1 million, or an average price of $67,700 each.
Bitcoin is trading at $66,000 on Monday morning, with MSTR shares flat in early action.
To fund the buys, Strategy raised roughly $229.9 million through common stock sales, along with $7.1 million in net proceeds of its Variable Rate Series A Perpetual Stretch Preferred Stock, STRC, according to a Monday filing.
Following the latest purchase, the company now holds 720,737 BTC acquired for roughly $54.77 billion, or an average price of approximately $75,985 per coin.