Strategy’s $1.25 billion bitcoin buy nudges MSTR stock higher premarket
Strategy shares rose nearly 3% in premarket trading Tuesday after the company disclosed a $1.25 billion bitcoin purchase. SEC filings show Strategy bought 13,627 bitcoins at an average price of $91,519 each, raising its total holdings to 687,410 coins. The purchase was funded by $1.25 billion in proceeds from recent share sales. Bitcoin traded near $92,135 after the announcement.