Despite the Stagnation in Bitcoin, 2 Billion Purchase from Strategy: Will It Rise? - Coin Bulletin

Strategy (MSTR), last week bought out 22,048 Bitcoin worth 1.92 billion dollars and increased its total BTC assets to 528,185.

The company continues to make Bitcoin purchases without slowing down and in its most recent purchase, it paid an average of $86,969 per Bitcoin. These purchases have significantly increased Strategy's total Bitcoin assets, bringing them to approximately $43 billion at the current market value. When including the company's previous investments, a total of $35.63 billion was spent on the Bitcoin held.

New Bitcoin purchases were financed with the funds from the company's 1.2 billion dollar stock issuance carried out in the week of March 30. Additionally, 18.52 million dollars was raised through the STRK preferred stock ATM, and 711.2 million dollars was obtained from the STRF preferred stock offering.

The Future of Bitcoin Investments

Strategy's Bitcoin investments stand out as an important part of the company's long-term strategy. Experts indicate that despite the price movements Bitcoin has been experiencing for a while, the recent purchase of Bitcoin at an average cost of 87 thousand dollars shows that the company is targeting the future. Considering the current prices, it is believed that these investments were made with an expectation of a rise in the future.

However, during pre-exchange trading hours, Strategy's shares lost value by 4%, while Bitcoin prices also experienced an approximate 3% drop.