Key Takeaways
Strategy scooped 130 Bitcoin (
$94,474.00 ) during the week ending March 16.
The acquisition was funded by selling series A preferred stock, generating $10.7 million in net proceeds.
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Business intelligence firm Strategy, formerly known as MicroStrategy, said today it had acquired 130 Bitcoin ( $94,474.00 ) for $10.7 million at an average price of $82,981 per coin between March 10 and March 16.
The company resumed Bitcoin ( $94,474.00 ) acquisitions after a two-week pause, following the purchase made in the week ending February 23. Last week’s acquisition was the smallest since April, according to data from Bitcoin ( $94,474.00 ) Treasuries.
According to Strategy’s latest disclosure with the SEC, the purchase was funded by proceeds from the sale of 123,000 shares of Strategy’s 8.00% series A perpetual strike preferred stock (STRK Shares), which generated approximately $10.7 million in net proceeds. The company confirmed that no Class A common stock was sold during the same period.
The company’s total Bitcoin ( $94,474.00 ) holdings now stand at 499,226 BTC, valued at over $41.6 billion. Strategy’s co-founder and executive chairman Michael Saylor said the company’s total holdings were purchased at an average price of $66,360 per BTC, including fees and expenses. The firm currently holds more than 2% of Bitcoin ( $94,474.00 ) ’s total 21 million supply.
The company’s shares (MSTR) closed Friday up 13% at around $297, having gained more than 77% over the past year, according to Yahoo Finance data. The stock is trading slightly lower in pre-market trading today.
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