Strategy (MSTR) Buys 10,624 Bitcoin for $962.7 Million Amid Price Rebound

Strategy (MSTR) acquired 10,624 Bitcoin last week for $962.7 million at an average price of $90,615 each, funded primarily by $928.1 million in common stock sales and $34.9 million from preferred stock issuance. This purchase raises the company’s Bitcoin holdings to 660,624 BTC, acquired at an average cost of $74,696. Bitcoin’s price climbed 3% over the past 24 hours to $94,000, while MSTR shares rose 2.1% in premarket trading to $182.74, though still down over 50% in six months. Executive Chairman Michael Saylor, currently at the BTC Conference in Abu Dhabi, met with sovereign wealth funds, banks, family offices, and hedge funds to promote institutional Bitcoin adoption.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.