Michael Saylor’s Strategy, previously known as MicroStrategy, made another BTC purchase between May 19 and 25, bringing its total holdings to 580,250 BTC. This comes amid plans to raise $2.1 billion to buy more BTC. Meanwhile, the MSTR stock price is in the red and has failed to rally despite the announcement of this most recent Bitcoin purchase. Strategy Purchases 4,020 BTC for $427.1 Million In a press release, the company announced that it has purchased 4,020 BTC for $427.1 million at an average cost of $106,237 per Bitcoin. It has also achieved a BTC yield of 16.8% year-to-date (YTD). The firm now holds 580,250 BTC, which it acquired for $40.16 billion at an average price of $69,979 per Bitcoin. It remains the public company with the largest Bitcoin holdings, well ahead of the second-placed MARA Holdings. This marks the company’s seventh consecutive Bitcoin purchase in a period that dates… Read More at Coingape.com

The post Breaking: Strategy Acquires 4,020 BTC For $427M; MSTR Stock Price Down 7% appeared first on CoinGape.

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