Strategy (MSTR) Stock Slips 7% as Bitcoin Buying Slows to 250 BTC
Photo: CoinCentral
TLDR Strategy bought 250 BTC for $21.5 million last week at an average price of $86,194 per bitcoin. Holdings now total 848,250 BTC, worth about $70.6 billion. MSTR closed Friday at $154.34, down 7% for the week and 53% over the past year. The company spent $192.4 million repurchasing STRC preferred stock and holds a $4.88 billion USD Reserve. TD Cowen kept its $260 price target on MSTR, citing dilution and financial obligations. Strategy (MSTR) stock closed Friday at $154.34, down 7% for the week.
Source: CoinCentral
