Strategy acquired 6,220 bitcoins for $739.8M last week

Bitcoin treasury company Strategy (NASDAQ:MSTR) announced on Monday an acquisition of 6,220 bitcoins for $739.8M during the period July 14 to July 20.

Shares were +1.77% pre-market to $430.73.

As of July 20, the company's bitcoin holdings totaled 607,770, acquired for an average purchase price of $71,756 and for an aggregate purchase price of $43.61B.

Bitcoin (BTC-USD) was trading at $117,998.35 on Monday 8:11 AM ET.

The company said it made the bitcoin purchases using at-the-market proceeds from its common equity and preferred stock offerings.

MSTR sold 1.64M shares of common stock last week for net proceeds of $736.4M last week.

Additionally, the company sold 5,441 MicroStrategy Incorporated 8.00% SERIES A PERPETUAL STRIKE PFD (STRK) shares for $0.7M, 2,000 MicroStrategy Incorporated 10.00% SER A PERPETUAL STRIFE PFD STK (STRF) shares for $0.2M, and 31,282 Perpetual Stride Preferred Stock (STRD) shares for $3.0M.