The bitcoin (BTC) acquisition strategy persisted unabated last week.
The firm acquired an additional 22,048 BTC for $1.92 billion, translating to an average cost of $86,969 each, as indicated in a filing from Monday morning. Their total bitcoin holdings now stand at 528,185, purchased for $35.63 billion, equating to an average price of $67,458 apiece.
At the current value of around $82,000, these assets are estimated to be worth over $43 billion.
This recent acquisition seems to have largely been financed through the issuance of additional common shares, totaling $1.2 billion during the week ending March 30, based on the filing. The company also utilized its STRK preferred share ATM, generating $18.52 million that week.
Additionally, the company successfully completed its STRF preferred share offering last week, raising $711.2 million.
In premarket trading, the company saw a 4% decrease, reflective of bitcoin’s approximately 3% drop in value since the market’s close on Friday.