Strategy adds 397 BTC at an average $114,771 per coin, funded by $69.5 million in stock sales, maintaining its accumulation despite market volatility.
Strategy acquired 397 BTC for $45.6 million at an average price of $114,771, funded through $69.5 million in common and preferred stock sales. This purchase increases its holdings to 641,205 BTC, valued over $69 billion at the time. The move comes despite bitcoin’s recent drop below $108,000 and the company’s market-adjusted net asset value falling to just above 1x, raising doubts over future stock-funded acquisitions.