Strategy Boosts Bitcoin Holdings with $26M Purchase, Nears $60B Total Value
Strategy (MSTR), the largest publicly listed corporate holder of bitcoin, has expanded its crypto stash by acquiring an additional 245 BTC for roughly $26 million.
This latest purchase brings the company’s total bitcoin holdings to 592,345 BTC, now valued at close to $60 billion based on bitcoin’s current price of about $101,000. Across all its purchases, Strategy’s average cost per bitcoin stands at $70,681.
The acquisition was financed through funds raised via an at-the-market (ATM) equity offering involving its preferred shares, STRK and STRF.
Despite the company’s ongoing accumulation, shares of MSTR were down 2.1% in premarket trading, as bitcoin faced lingering pressure following U.S. airstrikes on Iran over the weekend—even though broader financial markets remained relatively calm in response to the geopolitical tensions.
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