Strategy (MSTR), the world’s largest publicly traded company holding Bitcoin, made a small BTC acquisition last week, adding 592 coins for $39.8 million.
This represents an average purchase price of $67,286 per bitcoin, with purchases funded entirely by sales of common stock, according to an SEC filing.
The company now holds 717,722 bitcoins acquired for $54.56 billion, an average price of $76,020 per coin. With bitcoin currently trading just above $66,000, the position represents an unrealized loss of around $10,000 per coin, or around $7 billion in total.
This morning’s news is something of a milestone. According to a cheeky post from Executive Chairman Michael Saylor, this was Strategy’s 100th Bitcoin purchase announcement since the company (then named MicroStrategy) began acquiring BTC in August 2020.
MSTR shares are down 2.5% premarket and more than 50% year over year.
