Strategy (MSTR) Spends $100 Million On 1,587 Bitcoin, Lifts Total Holdings To 846,842 BTC

Strategy (Nasdaq: MSTR) has purchased 1,587 bitcoin for approximately $100 million, bringing the company’s total bitcoin holdings to 846,842 BTC, according to an 8-K filing with the Securities and Exchange Commission on Monday morning.

The purchase, executed between June 8 and June 14, was made at an average price of $63,024 per bitcoin and funded through at-the-market sales of the company’s Class A common stock. Last week, Strategy sold approximately 1.73 million MSTR shares, raising about $209 million through the ATM program. As of June 14, $25.75 billion worth of MSTR shares remain available under that program.

Strategy’s 846,842 BTC was acquired at an average cost of $75,656…

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