Strategy (MSTR), the largest publicly traded company holding Bitcoin, purchased 168 BTC at an average price of $112,051, according to a filing Monday.
The company financed the acquisition by raising $18.8 million through the issuance of various perpetual preferred shares and common stock.
This latest purchase brings MSTR’s total bitcoin holdings to 640,418 BTC ($71 billion), with an overall average acquisition price of approximately $74,010.
BTC soared to over $115,000 on October 13, but fell to $103,500 on October 17.
Bitcoin recently rebounded to $111,000 on Monday, helping MSTR shares gain 3% in premarket trading, just below $300 per share. However, the stock remains negative year-to-date, compared to Bitcoin’s 19% gain.
The MSTR/BlackRock iShares Trust (IBIT) ratio currently stands at 4.74, its lowest level since October 2024. This shows how much the IBIT ETF has outperformed the MSTR over the past 12 months, with the ratio previously hitting an all-time high of 8.0 in November 2024.
