Strategy Inc (MSTR) Buys $1.28 Billion in Bitcoin, Tweaks Share-Sale Plan
Strategy bought 17,994 bitcoin for $1.28 billion between March 2 and March 8, raising its holdings to 738,731 tokens, according to a Monday filing. The purchase was funded mainly by $899.5 million from common stock sales and $377.1 million from STRC preferred shares. Shares fell 0.9% Tuesday morning. The company’s average bitcoin purchase price remains above current market value.