Michael Saylor’s Strategy Added Another $740M of Bitcoin Last Week
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Michael Saylor’s Strategy’s bitcoin (BTC) stack now stands at 607,770 coins following the acquisition of 6,220 bitcoin in the week ended July 20. The most recent buys were made at an average price of $118,940 each, or a total cost of $740 million. The company’s bitcoin holdings are worth roughly $72 billion at bitcoin’s current price just above $118,000. They were acquired for a total of $43.6 billion, or an average price of $71,756 each. Strategy funded last week’s purchases via the sale of $736.4 million of common stock. Modest sales of the company’s three preferred issuances made for an additional $4 million in capital raising. MSTR shares are up 1.9% in premarket action.
Source: CoinDesk
