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Strategy (NASDAQ:MSTR) bought 2,486 Bitcoin (CRYPTO: BTC) for $168.4 million between February 9 and February 16 at an average price of $67,710.
The Latest Purchase
Strategy funded the buy through two sources: $90.5 million in common stock sales and $78.4 million from STRC preferred stock sales.
Total holdings now stand at 717,131 BTC acquired for $54.52 billion at a $76,027 average cost basis.
The math is painful. With Bitcoin at $68,000, Strategy sits underwater by roughly $8,000 per coin—a total unrealized loss of approximately $5.7 billion.
Despite the loss, the company retains substantial capital-raising capacity: $7.88 billion remaining under common stock authorization and $3.54…
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