Strategy (MSTR) extended its long-running bitcoin acquisition strategy last week, purchasing an additional 2,486 BTC for approximately $168.4 million.
The company now holds 717,131 bitcoin accumulated at a total cost of $54.52 billion, translating to an average purchase price of $76,027 per coin. With bitcoin currently trading near $68,000, Strategy is sitting on an unrealized loss of roughly $8,000 per bitcoin — or about $5.7 billion in aggregate.
According to a Tuesday filing, the latest purchases were financed through $90.5 million in proceeds from common stock sales and $78.4 million raised via the company’s STRC preferred stock offering.
Shares of Strategy were down 3.2% in premarket trading and have declined more than 60% over the past year.
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