Strategy adds $535 million in bitcoin days after outlining potential sale scenarios

BTC

BTC/USDT

$81,331.56

+0.51%

$81,331.56

+0.51%

(24s)

24h Volume

$17,731,637,543.91

24h H/L

$82,479.32 / $80,279.77

Change: $2,199.55 (2.74%)

Long/Short

43.3%

Long: 43.3%Short: 56.8%

Funding Rate

+0.0010%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$81,126.00

▼ -1.32%

Volume (24h): -

Resistance Levels

Resistance 3$89,065.20

Resistance 2$84,017.33

Resistance 1$82,186.20

Price$81,126.00

Support 1$80,324.81

Support 2$78,827.25

Support 3$77,541.20

Pivot (PP):$81,343.67

Trend:Uptrend

RSI (14):62.6

CoinDesk Staff

14m 32s ago(12:17 PM UTC)

1 min read

Approved byEmily Watson8m 36s ago

Strategy buys 535 bitcoin for $43 million days after signaling potential BTC sales

Last week's purchases were funded by sales of the company's common stock.

Disclosure: The author of this story owns shares in Strategy (MSTR).

Michael Saylor, the executive chairman of Strategy (MSTR), the largest publicly traded corporate holder of bitcoin BTC$81,092.27, announced Monday on X the purchase of 535 bitcoin for roughly $43 million at an average price of about $80,340 per coin

The purchases bring the company’s total holdings to 818,869 BTC, acquired for $61.86 billion at an average cost basis of $75,540. With bitcoin currently trading above $81,000, Strategy's stash is currently in profit.

Last week’s purchases were funded by $42.9 million raised through sales of the company’s preferred stock, according to a May 11 SEC filing.

This purchase follows Strategy’s first-quarter earnings call, where the company said it was prepared to sell bitcoin to repay convertible debt or fund dividend obligations, provided the move remains accretive on a bitcoin-per-share basis.

MSTR shares rose more than 1% in pre-market trading.

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Comments