Michael Saylor's Strategy Added $45M in Bitcoin to Holdings Last Week

Core Insights - Strategy (MSTR) is the largest corporate holder of bitcoin, having purchased $45.6 million in BTC recently, increasing its total holdings to 641,205 coins valued at over $69 billion [1][2]. Group 1: Bitcoin Acquisition - The company acquired 397 BTC at an average price of $114,771 last week [2]. - The purchase was primarily funded through the sale of common stock, with some funding from the issuance of preferred shares [2]. Group 2: Financial Guidance and Market Conditions - Strategy indicated it would refrain from raising funds through common stock sales when its enterprise value is less than 2.5 times the value of the bitcoin on its balance sheet, known as mNAV [3]. - Currently, MSTR's mNAV is slightly above 1x due to a decline in its share price, suggesting that further share sales and significant bitcoin purchases are unlikely in the near future [3]. Group 3: Market Performance - MSTR shares are down by 1.7% in premarket trading [4].