Michael Saylor's Strategy Inc. has acquired an additional 390 Bitcoin at an average price of $111,053 per coin, increasing its total holdings to 640,808 BTC. The company invested approximately $43.4 million in the week ending October 26. Following this update, MSTR stock rose by about 3%.
Strategy Inc. has invested around $47.44 billion in Bitcoin over the years, with an average cost of $74,032 per coin. The firm continues to fund its Bitcoin purchases through preferred stock sales, avoiding dilution of common shares. With Bitcoin's current price at $114,778.21, the company reports a 26% yield for the year. Analysts currently rate MSTR as a 'Hold' with a price target of approximately $277.
Michael Saylor's Strategy Inc. Acquires 390 BTC, MSTR Stock Climbs 3%
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.

