Strategy acquires 10,624 bitcoin for $963 million through stock issuance

Strategy (Nasdaq: MSTR) acquired 10,624 bitcoin for approximately $962.7 million in cash between December 1 and December 7, according to a regulatory filing Monday. The purchase brings the company’s total bitcoin holdings to 660,624. The average purchase price per bitcoin for the company’s total holdings is approximately $74,696. The company paid an average price of $90,615 per bitcoin, which was funded through the sale of the company’s Class A common stock and Series A Perpetual Stride Preferred Stock u ...