Strategy Adds 1,665 Bitcoin to Balance Sheet for $142.7 Million

Strategy Inc., the company led by Michael Saylor, has added to its Bitcoin holdings after buying 1,665 BTC for $142.7 million at an average price of $85,681 per coin.

This purchase brings Strategy's total Bitcoin stack to 847,666 coins, with a value of around $63.95 billion in total spend.

The company funded the purchase through its ongoing at-the-market offering, which allowed it to sell 1.47 million units of MSTR stock for $246.2 million in net proceeds.