MSTR Stock Price Stable After $369.7 Million Bitcoin Purchase

The MSTR stock price has traded at $128.18 after Strategy disclosed a significant Bitcoin purchase funded through its equity program. The company acquired 4,603 BTC for $369.7 million between August 24 and August 30.

Strategy financed the transaction using proceeds from MSTR stock sales under its at-the-market program. The allocation of $369.7 million in net proceeds matched the reported acquisition cost of the Bitcoin purchase.

The company also used part of the funds for a STRC buyback and to add cash liquidity, leaving it with $1 billion available for MSTR share repurchases.