Strategy (NASDAQ:MSTR) announced it purchased 3,015 Bitcoin (CRYPTO: BTC) for $204 million at $67,700 per coin.

The 101st Bitcoin Purchase

Strategy funded the acquisition through $229.9 million in common stock sales and $7.1 million in STRC preferred stock proceeds.

The company now holds 720,737 BTC acquired for roughly $54.77 billion at an average price of $75,985 per coin.

With Bitcoin trading at $66,000, Strategy’s treasury carries roughly $7 billion in unrealized losses. 

The average cost basis sits $10,000 above current prices, a gap that has weighed on MSTR shares throughout the eight-month decline.

Meanwhile, Strategy raised the STRC dividend by 25 basis points to 11.50% on Saturday.

Benzinga