coindesk.com
Strategy (MSTR), the world's largest publicly traded company holding bitcoin, made a small $BTC acquisition last week, adding 592 coins for $39.8 million.
That's an average purchase price of $67,286 per bitcoin, with the buys completely funded via sales of common stock, according to an SEC filing.
The company now holds 717,722 bitcoin acquired for $54.56 billion, or an average price of $76,020 per coin. With bitcoin currently trading just above $66,000, the position represents an unrealized loss of roughly $10,000 per coin, or about $7 billion in total.
This morning's news is a milestone of sorts. According to some who track this sort of thing, it was Strategy's 100th announcement of a bitcoin purchase since the company (then named MicroStrategy) began acquiring $BTC in August 2020.
MSTR shares are down 2.5% in pre-market action and more than 50% year-over-year.