The $739.8 million funds used to increase the position in BTC last week still came from stock sales

ChainCatcher news reports that Strategy announced today that it has increased its holdings by 6,220 BTC last week, spending $739.8 million in cash, with an average purchase price of $118,940.

This latest acquisition brings Strategy's total Bitcoin holdings to 607,770 BTC, with a total acquisition cost of approximately $43.61 billion, resulting in an average cost of $71,756 per Bitcoin. Based on current market prices, the company's Bitcoin reserves are valued at $72 billion, locking in nearly $28 billion in unrealized profits.

It is noteworthy that, according to public documents, most of the funds for this BTC accumulation came from the sale of MSTR stock, with the company selling 1,636,373 shares of MSTR to raise approximately $736.4 million. The company also disclosed that the remaining funds were obtained through small sales of STRK, STRF, and STRD stocks, raising a total of $3.9 million.

As of the time of publication, MSTR's stock price is reported at $430.23, up 1.66% during the trading day.