Strategy Buys 2,932 Bitcoin For $264M, But MSTR Stock Tests Critical $160 Support

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Strategy Inc. (NASDAQ:MSTR) has bought 2,932 Bitcoin (CRYPTO: BTC) for 264.1million,butMSTRisdownto264.1 million, but MSTR is down to 161 on Monday morning. The Bitcoin Purchase Details Strategy paid an average of 90,061perBitcoinforthelatestpurchase,wellabovethecompanysoverallcostbasisof90,061 per Bitcoin for the latest purchase, well above the company’s overall cost basis of 76,037 per Bitcoin across all 712,647 BTC holdings. The company funded the purchase by selling 1,569,770 shares of Class A comm ...

Strategy Buys 2,932 Bitcoin For $264M, But MSTR Stock Tests Critical $160 Support - Reportify