Strategy Expands Bitcoin Holdings to 640,418 BTC With Latest Purchase

Strategy (MSTR), the largest publicly traded corporate holder of bitcoin, purchased 168 BTC at an average price of $112,051, according to a filing on 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 around $74,010. BTC climbed to over $115,000 on Oct. 13 but fell as low as $10 ...