Michael Saylor’s Strategy (MSTR) bought 4,980 bitcoin (BTC) for $531.9 million last week.
The company’s total bitcoin holdings now stand at 597,235 bitcoin acquired for $42.4B, or an average price of $70,982 each.
Strategy financed the purchase through $519 million of common share sales alongside about $59 million of STRK and STRF preferred stock sales.
Interesting they used MSTR ATM for most of the buy vs the preferred stock