Strategy’s latest $18.8 million Bitcoin acquisition, combined with a slight pre-market gain in MSTR shares, underscores its dominant position as the largest corporate holder of Bitcoin.
Strategy (formerly MicroStrategy) has acquired 168 BTC at an average price of $112,051, bringing its total Bitcoin holdings to 640,418 BTC. The company financed this purchase through $18.8 million raised via stock issuance. MSTR shares saw a 3% increase in pre-market trading, though the stock remains negative year-to-date. Bitcoin’s price fluctuated between $103,500 and $115,000 recently, while Bitcoin mining profitability dropped over 7% in September.