Strategy (NASDAQ: MSTR) added 168 Bitcoin to its holdings, totaling 640,418 BTC at an average purchase price of $74,010 per coin, with an aggregate cost basis of $47.40 billion. For the third week, Strategy did not use its ATM program for MSTR, leaving $15.91 billion of remaining capacity unchanged.
The latest Bitcoin purchases cost $18.8 million, averaging $112,051 per coin, funded through the sale of preferred stock under its STRF, STRK, and STRD ATM programs. Strategy’s 8-K on October 20 shows net proceeds of $11.2 million from STRF shares, $5.1 million from STRK shares, and $2.6 million from STRD shares sold over the last week.
The last issuance of MSTR was in the week of September 22 – 28, raising $116.4 million in net proceeds primarily to pay dividends on preferred shares. At the time of publication, MSTR is up 4.7% from Friday’s close.
Read more at Yahoo Finance: Strategy acquires 168 Bitcoin as it skips MSTR issuance for the third week in a row
