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    Strategy Purchases 196 Bitcoin for $22.1 Million

    Ethan CarterBy No Comments1 Min Read
    Strategy Purchases 196 Bitcoin for $22.1 Million



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    On Monday, Strategy (MSTR) revealed it had acquired 196 BTC for a total of $22.1 million, increasing its overall holdings to 640,031 BTC. The recent purchase was executed at an average cost of $113,048 per bitcoin, which adjusted the company’s total average purchase price to $73,983.

    This acquisition was financed through the issuance of common stock via an at-the-market (ATM) program, along with the issuance of perpetual preferred stock.

    MSTR shares experienced a 2.5% increase in pre-market trading, reflecting a slight rise in bitcoin’s price to $112,000.

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    Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.

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