Strategy Makes $1.34B Bitcoin Buy, Adding Another 13,390 BTC
The Michael Saylor-led company now holds 568,840 bitcoin.

What to know:
- Strategy has acquired another 13,390 BTC for $1.34 billion, or an average price of $99,856 each.
- The $1.34 billion purchase was funded through sales of common stock and STRK preferred shares between May 5 and May 11.
Fresh off the heels of last week's Strategy Conference, Strategy (MSTR) has resumed its
This latest acquisition brings Strategy’s total bitcoin holdings to 568,840 BTC, now worth over $59 billion based on the current bitcoin price of around $104,000. The average purchase price across the company’s entire stack has now adjusted to $69,287.
The purchase was funded through two capital-raising mechanisms: an at-the-market (ATM) offering of its Class A common stock, and the issuance of shares from its Series STRK preferred stock. Between May 5 and May 11, the company raised $1.31 billion through the sale of common stock and issued 273,987 shares of the preferred stock series.
Shares of MSTR are trading 2% higher in pre-market hours.
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Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.
What to know:
- Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
- The rally coincided with significant spot BTC price premium on Coinbase.
- Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.











