Home Strategy Reloads On Bitcoin, Acquires A Further 1,229 BTC For $109M

Strategy Reloads On Bitcoin, Acquires A Further 1,229 BTC For $109M

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Strategy Reloads On Bitcoin, Acquires A Further 1,229 BTC For $109M | 3verseTV
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Strategy (MSTR), the largest publicly traded holder of bitcoin resumed purchases after boosting its US dollar reserves to $2.2 billion the prior week. The company acquired 1,229 bitcoin last week for $108.8 million, at an average price of $88,568 per coin.

Total holdings increased to 672,497 BTC, acquired for $50.44 billion, representing an average purchase price of $74,997 per bitcoin. The acquisition was funded through the sale of $108.8 million in Class A common stock.

MSTR shares were down 1% in premarket trading to $157 per share, while bitcoin slipped to around $87,000.

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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