Over this period, from May 12 to May 18, Strategy purchased 7,390 bitcoins for $764.9 million. The company spent an average of $103,498 on each coin it bought. MicroStrategy raised the cash for this investment using class A common stock (MSTR) and a preferred stock called STRK. is committed to buying more Bitcoin, even as Bitcoin’s price fluctuates.
The recent buy adds another 5,000 Bitcoin to the company, which now holds 576,230 coins. According to the firm’s statement, its overall purchase cost and expenses stood at $40.2 billion. Assuming today’s prices, the company’s Bitcoin investments total more than $64 billion and have earned an additional value of about $23.8 billion. This total amounts to just under 2.7% of total bitcoins and confirms that Strategy owns and controls more bitcoins than any other corporation.