MicroStrategy marks its 100th bitcoin buy announcement, adding 592 BTC for $39.8M MicroStrategy (MSTR) — which recently shortened its corporate name to Strategy in filings — made another modest bitcoin purchase last week, adding 592 BTC for about $39.8 million, according to an SEC filing. The buys were funded entirely through sales of the company’s common stock, and the average price for this tranche was roughly $67,286 per bitcoin. That latest acquisition brings the company’s total holdings to 717,722 BTC, accumulated at a combined cost of $54.56 billion — an average of about $76,020 per coin. With spot bitcoin trading just above $66,000, MicroStrategy’s bitcoin position sits at an unrealized loss on the order of $10,000 per coin, or roughly $7 billion in aggregate. The announcement doubles as a milestone: Executive Chairman Michael Saylor noted on X that this was the firm’s 100th public update about a bitcoin purchase since it began buying BTC in August 2020. The company’s long-running accumulation strategy has remained a defining part of its corporate identity. Market reaction was muted but negative: MSTR shares slipped about 2.5% in pre-market trading and are off more than 50% year-over-year, reflecting the drawdown between the company’s average cost basis and current bitcoin prices. Read more AI-generated news on: undefined/news

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