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Strategy Corporation has made another significant move in the cryptocurrency market by purchasing 130 bitcoins at an average price of $82,981 each totaling $10.7 million. The transaction was disclosed in a Monday morning filing revealing the acquisition was funded through the sale of a modest amount of the company’s preferred stock.
The firm sold 123,000 shares of its STRK stock last week which generated approximately $10.7 million. This strategic sale comes on the heels of Strategy’s announcement of a mammoth $21 billion at-the-market offering of the same stock type.
With this latest investment Strategy’s holdings have swollen to 499,226 bitcoins acquired at an average cost of $66,360 per token. The company boasts a BTC yield of 6.9% year-to-date demonstrating a bullish outlook on the future of cryptocurrency.
