Bitcoin (BTC) News: MSTR Boosts Stack Again
Michael Saylor-led Stategy (MSTR) yet again topped up its sizable bitcoin
holdings last week, adding an additional 1,045 BTC for $110.2 million.The average purchase price of this latest buy was $105,426 each and the average purchase price for the company's 582,000 coin stack rose to $70,086 each. With bitcoin trading at about $107,500 Monday morning, MSTR's holdings are worth roughly $62.5 billion.
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Last week's buys were funded via at-the-market sales of MSTR's STRK and STRF preferred stocks, according to an SEC filing.
MSTR stock is higher by 2% in premarket action as bitcoin rose from Friday's close in the $105,000 area.
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