"Strategy (MSTR) added 855 bitcoin to its balance sheet for approximately $75.3 million last week, paying an average price of $87,974 per BTC, according to a filing published Monday. The purchase came just days before bitcoin's sharp sell-off, which briefly pushed prices below $75,000 over the weekend. Despite the timing, the acquisition represents a relatively small addition for the company, which has routinely purchased hundreds of millions - or even billions - of dollars' worth of bitcoin in recent weeks."
"Led by Executive Chairman Michael Saylor, Strategy now holds a total of 713,502 BTC, acquired for roughly $54.26 billion at an average price of $76,052 per coin. With bitcoin trading just above $77,000 at the time of writing, the firm's treasury is marginally above breakeven after more than five years of accumulation. Last week's purchase was fully funded through the sale of common stock, consistent with Strategy's ongoing capital-raising strategy to finance bitcoin acquisitions."
"Bitcoin fell to a low of roughly $74,500 during early Asian trading on Feb. 1 and into Feb. 2, pushing the company's unrealized losses close to $1 billion at the session low before narrowing significantly as prices rebounded. Losses were estimated at around $150 million as BTC recovered to the mid-$75,000 range. Strategy remains the world's largest corporate bitcoin holder and has shown no signs of slowing its accumulation."
Strategy added 855 bitcoin for approximately $75.3 million at an average price of $87,974 per BTC. The purchase occurred days before a sharp bitcoin sell-off that briefly pushed prices below $75,000 and widened unrealized losses. Strategy's total holdings now stand at 713,502 BTC, acquired for roughly $54.26 billion at an average cost of $76,052 per coin. With bitcoin trading near the mid-$70,000s, the company's treasury is marginally above breakeven after more than five years of accumulation. Last week's purchase was funded via common stock sales, and preferred-stock dividend increases aim to support further acquisitions.
Read at Bitcoin Magazine
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