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🟠 Michael Saylor's strategy added 13,927 bitcoins to $1 billion
Michael Saylor's strategy (MSTR) added 13,927 bitcoins to its reserves last week at an average price of about $71,902 per coin, with a total cost of approximately $1 billion, according to Monday's filing.
This purchase brings the company's total holdings to 780,897 BTC, acquired for around $59.02 billion with an average cost basis of $75,577.
Last week's acquisition was fully funded by $1 billion raised through the sale of the company's preferred stock, Stretch (STRC).
Bitcoin's current price is slightly below $71,000, while MSTR shares have fallen more than 2.5% in pre-market trading.
#BTC | #Bitcoin | #MichaelSaylor | $BTC