Share this article

Michael Saylor's Strategy Adds 1,895 Bitcoin, Bringing Company Stack to 555,450 BTC

A combination of sales of common stock and STRK preferred stock funded the latest purchase.

Photo of Strategy Executive Chairman Michael Saylor standing. (Nikhilesh De)
Strategy buys more bitcoin (Nikhilesh De)

What to know:

  • Strategy acquired an additional 1,895 bitcoin last week for $180.3 million.
  • The average purchase price for this latest buy was $95,167; the average purchase price for the company stack rose to $68,550.
  • Strategy now holds 555,450 bitcoin acquired for more than $38 billion.

Led by Executive Chairman Michael Saylor, Strategy (MSTR) added modestly to its bitcoin holdings last week.

The company purchased 1,895 BTC for $180.3 million, or an average price of $95,167 each, according to a Monday morning SEC filing.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

The buys were funded via sales $128.5 million of common stock and $51.8 million of STRK preferred stock. The common stock sale notably used up the remainder of MSTR's 2024 $21 billion at-the-market offering. MSTR last week introduced a new $21 billion ATM offering.

Strategy now holds 555,450 bitcoin purchased for $38.08 billion, or an average price of $68,550 each. At bitcoin's current price around $94,000, the holdings are worth north of $52 billion.

MSTR is lower by 2.7% in premarket action.

Stephen Alpher

Stephen is CoinDesk's managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania's Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.

CoinDesk News Image