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Strategy (MSTR) has added another 3,081 bitcoins to its already massive crypto stash, spending $356.9 million at an average price of $115,829 per coin. The company’s total holdings now stand at 632,457 BTC, purchased for $46.5 billion at an average cost of $73,527.
Even with bitcoin plunging to $111,000 in the last 24 hours, the company’s crypto assets are still valued at around $70.2 billion as of Monday morning. The latest purchase was largely funded through $300.9 million raised from sales of common stock, with smaller contributions coming from preferred stock sales.
The move has stirred controversy among some investors after co-founder Michael Saylor revised a prior pledge not to sell common stock below 2.5x mNAV. With Strategy under pressure in recent weeks and mNAV dipping below 2x, critics are questioning the strategy, though the company remains firmly committed to its bitcoin-first approach.
