Strategy—formerly MicroStrategy—sold $89.5 million worth of Class A Common Shares (MSTR) to fund the purchase, and issued no preferred shares during the week.
Now the company holds 714,644 BTC, or about 3.4% of the entire possible Bitcoin supply, currently valued at about $49.6 billion. But the firm spent more than that to acquire the coins, given a current cost basis of $76,056 per coin, giving the firm a roughly $4.8 billion unrealized loss on its holdings.
Strategy shares (MSTR) are down about 1.25% on the day, as of this writing, at a current price just above $133. Shares fell to an 18-month low price of $104 last week as Bitcoin plunged, but began rebounding Friday as crypto prices started to recover.
“Strategy has built a digital fortress anchored by 713,502 Bitcoin, and our shift to digital credit, which aligns with our indefinite Bitcoin horizon," he said Thursday.
