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Strategy Acquires Additional 1,229 Bitcoin for $108.8 Million
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Strategy (MSTR) purchased an additional 1,229 bitcoins for $108.8 million at an average price of $88,568 per coin. This acquisition brings MSTR's total bitcoin holdings to 672,497 BTC, which were acquired for a total of $50.44 billion, averaging $74,997 per BTC.
The recent purchase was funded by the sale of $108.8 million in Class A common stock, according to a filing made Monday morning. Following the announcement, MSTR shares were down about 1% in premarket trading, while bitcoin traded near $87,000.
Strategy remains the largest publicly traded holder of bitcoin and resumed purchases after increasing its USD reserves to $2.2 billion in the prior week.
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