Strategy purchased 1587 Bitcoin last week for about 100 million dollars. The company financed the acquisition by selling 1.7 million shares of its MSTR stock. Total holdings now stand at 846842 Bitcoin.
The purchase took place between June 8 and June 14 at an average price of 63024 dollars per Bitcoin. Strategy also raised its USD reserve by 100 million dollars to 1.1 billion dollars through the same stock sales that generated 209 million dollars.
Michael Saylor, the company's chairman, announced the move on June 15. The transaction lifted Strategy's Bitcoin position to more than 4 percent of the cryptocurrency's total supply.
Critics noted that Bitcoin yield per share declined to 12.5 percent after the sale. Analysts remain divided on whether the equity issuance benefits common shareholders once debt and preferred claims are considered.
