Strategy (MSTR), the largest publicly traded company holding bitcoin
, boosted its bitcoin reserves by buying 4,980 BTC for a total of $531.9 million last week.
This addition brings Strategy’s total bitcoin holdings to 597,235 BTC purchased for $42.4 billion, or an average price of $70,982 each. At bitcoin’s current price of about $107,500, that stack is worth more than $64 billion.
Strategy financed the purchase through proceeds raised from the at-the-market (ATM) equity offering programs for its preferred-stock classes, STRK and STRF.
MSTR shares are up 1.3% premarket.
