Strategy, previously known as MicroStrategy, made another Bitcoin purchase between May 26 and June. The company bought 705 BTC for $75 million, bringing its total holdings to 580,955. Meanwhile, the MSTR stock price has continued its correction from last week, down in today’s pre-market trading.
AdvertisementAdvertisement ## Strategy Acquires 705 BTC, MSTR Stock In The Red
In a press release, Michael Saylor’s company revealed that it has purchased 705 BTC for $75.1 million at an average price of $106,495 per bitcoin. The company has also achieved a BTC yield of 16.9% year-to-date (YTD).
This latest purchase brings Strategy’s Bitcoin holdings to 580,955 BTC, which it acquired for $40.68 billion at an average price of $70,023 per Bitcoin. As CoinGape reported, Michael Saylor had yesterday signaled another Bitcoin purchase when he posted the company’s BTC portfolio tracker.
This is the company’s eighth consecutive weekly purchase. Last week, it acquired 4,020 BTC for $427 million at an average price of $106,237 per Bitcoin. Meanwhile, despite this recent purchase, the MicroStrategy stock is in the red.
Nasdaq data shows that the MSTR stock price is currently down almost 1% in pre-market trading, trading at around $366. The stock had closed out last week in the red, trading at around $369.
Breaking: Michael Saylor's Strategy Adds 705 Bitcoin For $75M, MSTR Stock Down
Strategy, previously known as MicroStrategy, made another Bitcoin purchase between May 26 and June. The company bought 705 BTC for $75 million, bringing its total holdings to 580,955. Meanwhile, the MSTR stock price has continued its correction from last week, down in today’s pre-market trading.
AdvertisementAdvertisement ## Strategy Acquires 705 BTC, MSTR Stock In The Red
In a press release, Michael Saylor’s company revealed that it has purchased 705 BTC for $75.1 million at an average price of $106,495 per bitcoin. The company has also achieved a BTC yield of 16.9% year-to-date (YTD).
This latest purchase brings Strategy’s Bitcoin holdings to 580,955 BTC, which it acquired for $40.68 billion at an average price of $70,023 per Bitcoin. As CoinGape reported, Michael Saylor had yesterday signaled another Bitcoin purchase when he posted the company’s BTC portfolio tracker.
This is the company’s eighth consecutive weekly purchase. Last week, it acquired 4,020 BTC for $427 million at an average price of $106,237 per Bitcoin. Meanwhile, despite this recent purchase, the MicroStrategy stock is in the red.
Nasdaq data shows that the MSTR stock price is currently down almost 1% in pre-market trading, trading at around $366. The stock had closed out last week in the red, trading at around $369.
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