Strategy (NASDAQ:MSTR), formerly known as MicroStrategy, purchased 220 bitcoins during the 6th October to 12th October period at an average buying price of $123,561 per token. The largest corporate holder of bitcoin now owns 640,250 tokens acquired at an average price of $74,000.
The company raised $27.2 million from its at-the-market offering programs related to this perpetual stride preferred stocks to make the latest purchase. Michael Saylor-founded Strategy's latest bitcoin buy came right before bitcoin crashed to under $110,000 (£82,466) after US President Donald Trump imposed 100% tariffs on 'any and all critical software' from China.
