Strategy Expands BTC Holdings with Latest Multi-Billion Dollar Purchase

Renounced responsibility: Analyst who wrote this piece, own shares of strategy (MSTR)

The strategy (MSTR) purchased $ 7,390 for approximately $ 764.9 million at an average price of $ 103,498 for Bitcoin, according to submission on Monday.

This latest acquisition increases the company’s overall share to $ 576,230, now worth approximately $ 59 billion based on the current market price of approximately $ 103,000 for bitcoins. The average purchase price of the entire position of bitcoins strategy now is $ 69,726

The purchase was financed through the offer to the market (ATM) for ordinary class shares and by issuing preferred Strk shares A. From 12 May to 18th May, the strategy increased $ 705.7 million from the sale of ordinary shares and issued 621,555 shares of its preferred Strk shares.

Bitcoin is traded nearly $ 103,000, while MST’s shares decrease more than 1% in the market trading.