Strategy (MSTR) has slightly expanded its significant bitcoin (BTC) portfolio by selling a small portion of its preferred stock (STRK) to finance the recent purchase.
Last week, the company acquired 130 bitcoin for approximately $10.7 million, averaging $82,981 for each token, according to a recent filing. The so-called “BTC yield” stands at 6.9% year-to-date, as reported by Strategy.
The company now holds 499,226 bitcoin, which were obtained for a combined total of $33.1 billion, equating to an average cost of $66,360 per bitcoin.
This latest acquisition was backed by the sale of 123,000 STRK shares, generating around $10.7 million in net proceeds. Recently, the company also announced an impressive $21 billion at-the-market offering of this preferred stock.
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