Strategy Inc. (NASDAQ:MSTR) has expanded its Bitcoin (CRYPTO: BTC) holdings with a significant new purchase, acquiring 7,633 BTC for approximately $742.4 million at an average price of $97,255 per Bitcoin.
What Happened: The acquisition, made between Feb. 3 and Feb. 9, was funded through proceeds from stock sales under its $21 billion equity offering program and its recently completed $563.4 million preferred stock offering.
With this latest purchase, Strategy now holds a total of 478,740 BTC, acquired at an average cost of $65,033 per Bitcoin.
Michael Saylor, Strategy’s co-founder and executive chairman, has …
Full story available on Benzinga.com