Strategy Adds 390 BTC to Holdings in $43.4 Million Purchase
Strategy’s latest Bitcoin acquisition increases its treasury to over 641,000 BTC, though further buys may pause as share sales face valuation limits under corporate policy.
Strategy, formerly known as MicroStrategy, acquired 397 BTC last week for $45.6 million at an average price of $114,771, bringing its total holdings to 641,205 coins worth over $69 billion. The purchase was primarily funded through common stock sales, with a small portion from preferred share issuance. The company’s share price has fallen, leaving its market-adjusted net asset value (mNAV) just above 1x, below its stated 2.5x threshold for raising funds through stock sales, potentially halting further sizable Bitcoin purchases. MSTR stock declined 1.7% in premarket trading as Bitcoin prices slipped below $108,000.
- BTC: The ticker symbol for Bitcoin, the first and most widely recognized cryptocurrency.
- Bitcoin Holdings: The amount of Bitcoin owned by an individual or entity, often used as a measure of cryptocurrency investment exposure.
- mNAV: Market-adjusted net asset value, a valuation metric comparing a company's enterprise value to the market value of assets held, such as Bitcoin.