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Strategy, the company led by Michael Saylor, added 1,587 Bitcoin ($BTC) to its corporate treasury last week at a cost of $100 million, lifting cumulative holdings to 846,842 BTC.
The acquisition was funded in part by $209 million the company raised through sales of its MSTR stock.
How Strategy Financed the Buy To fund the purchase, Strategy sold shares of its own equity under the ticker MSTR, raising $209 million. The company then deployed $100 million of that capital into Bitcoin.
The source does not account for the balance of funds raised beyond what was spent on this particular acquisition.
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