Michael Saylor's Strategy Added $51M of Bitcoin Last Week
Strategy (MSTR) — the original and leading bitcoin treasury company — added 430 bitcoin to its stack last week.
Led by Executive Chairman Michael Saylor, the company made these latest purchases at an average price of $119,666 each for a total of $51.4 million
Strategy now holds 629,376 bitcoin purchased at an average pice of $73,320 each. Bitcoin's large overnight decline has brought the price down to $115,000, making MSTR's stack worth about $72 billion.
MSTR shares are lower by 2.2% premarket and lower by more than 10% over the past week. Shares remain higher by about 20% year-to-date.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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