Strategy (MSTR), the bitcoin-focused firm helmed by Michael Saylor, has added another 13,390 BTC to its balance sheet, continuing its aggressive accumulation of the leading cryptocurrency.
The company disclosed on Monday that it spent roughly $1.34 billion on the latest purchase, paying an average of $99,856 per bitcoin. With this move, Strategy now holds a total of 568,840 BTC—worth more than $59 billion at current prices, with BTC trading near $104,000.
The firm’s average acquisition cost across all holdings has now climbed to $69,287 per bitcoin.
To fund the latest buy, Strategy raised $1.31 billion between May 5 and May 11 through an at-the-market offering of its Class A common stock and the issuance of 273,987 shares of its Series STRK preferred stock.
The announcement comes just days after the company hosted its annual Strategy Conference, signaling continued conviction in bitcoin’s long-term value. Shares of MSTR rose 2% in pre-market trading following the news.
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