Strategy acquires 220 bitcoins for $27.2M in past week

Bitcoin treasury company Strategy (NASDAQ:MSTR) announced on Monday an acquisition of 220 bitcoins for $27.2M during the week of October 6 to October 12.

The cryptocurrency was bought for an average purchase price of $123,561.

Last week, the Michael Saylor-founded company did not buy any BTC.

Shares were +0.84% Monday pre-market to $307.34. Bitcoin (BTC-USD) was trading -0.59% at $114,408.03.

The company held 640,250 bitcoins in aggregate, purchased for $47.38B.

MSTR made the weekly purchases using proceeds from its preferred stock at-the-market offerings.

The company sold 170,663 Strategy Inc 10.00% SER A PERPETUAL STRIFE PFD STK (STRF) for net proceeds of $19.8M; 16,873 Strategy Inc 8.00% SERIES A PERPETUAL STRIKE PFD (STRK) shares for $1.7M; and 68,775 Perpetual Stride Preferred Stock (STRD) for $5.8M.