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Strategy purchased more than $200 million in bitcoin last week

source-logo  coindesk.com 1 h
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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.

coindesk.com