Strategy buys 13,927 bitcoin for $1 billion, entirely through STRC
CoinDesk·1h ago·Neutral
What Happened
Michael Saylor's Strategy purchased 13,927 bitcoin for approximately $1 billion at an average price of $71,902 per coin. The company now holds 780,897 BTC acquired for about $59.02 billion. Funding came entirely from $1 billion raised through Stretch preferred stock sales. Bitcoin currently trades near $71,000.
Key Entities
Strategy (MSTR)Michael SaylorBitcoinStretch (STRC)$1 billion13,927 BTC