In the midst of considerable prices, strategy (MSTR) continued to build his bitcoin Stack last week, buying 3,081 pieces for $ 356.9 million, an average price of $ 115,829 each.
The company’s assets are now acquired from 632,457 BTC for $ 46.5 billion, an average price of $ 73,527 each.
Bitcoin plunges $ 111,000 into the last 24 hours means that these assets worth around $ 70.2 billion in the United States on Monday morning.
Last week Bitcoin purchases were mainly funded by ordinary shares sales, the company of which raised $ 300.9 million. The modest sales of three of the four privileged MSTR stock emissions represented the rest of the funding.
Michael Saylor and the strategy last week attracted the anger of at least some of their fans, revising a commitment to never sell ordinary shares when the price was less than 2.5x MNAV.
MSTR, of course, has been subjected to considerable pressure in recent weeks and MNAV – a multiple measurement of the company’s assessment compared to its Bitcoin holdings – has been well below 2x for some time.
The MSTR is more than 4% pre-market lower alongside the steep bitcoin slide.
