Technique (MSTR) introduced on Monday that it bought 196 BTC for $22.1 million, bringing its complete holdings to 640,031 BTC. The newest buy was made at a median value of $113,048 per bitcoin, elevating the corporate’s general common buy value to $73,983.
The acquisition was funded by means of the issuance of widespread inventory by way of an at-the-market (ATM) program, in addition to the issuance of perpetual most well-liked inventory.
Shares of MSTR rose 2.5% in pre-market buying and selling, shifting in keeping with a slight enhance in bitcoin’s value to $112,000.