Strategy (NASDAQ:MSTR) purchased 22,337 Bitcoin (CRYPTO: BTC) for $1.57 billion last week at an average price of $70,194 per coin, the company’s fifth-largest weekly purchase ever, as MSTR surged 4% in premarket.
The $1.57B Bitcoin Purchase
Executive Chairman Michael Saylor announced the acquisition, bringing total holdings to 761,068 coins acquired for $57.61 billion, or an average of $75,696 per coin.
The firm funded most of the purchase through $1.1 billion in STRC series preferred stock sales and $396 million in common stock sales.
Michael Saylor hinted at the purchase Sunday with an X …