Strategy Buys 2,932 Bitcoin For $264M, But MSTR Stock Tests Critical $160 Support

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Strategy Inc. (NASDAQ:MSTR) has bought 2,932 Bitcoin (CRYPTO: BTC) for $264.1 million, but MSTR is down to $161 on Monday morning. The Bitcoin Purchase Details Strategy paid an average of $90,061 per Bitcoin for the latest purchase, well above the company’s overall cost basis of $76,037 per Bitcoin across all 712,647 BTC holdings. The company funded the purchase by selling 1,569,770 shares of Class A comm ...