Strategy (previously known as MicroStrategy) MSTR shares moved higher on Monday after the company disclosed another Bitcoin purchase. The stock also benefited as Wall Street analysts pushed back against growing speculation that the firm’s bitcoin-focused treasury strategy could eventually force large-scale asset sales. The company acquired an additional 1,587 Bitcoin for approximately $100 million between June 8 and June 14, according to a filing with the US Securities and Exchange Commission. Executive Chairman Michael Saylor said the purchase was made at an average price of $63,024 per bitcoin. The latest acquisition increased Strategy’s total holdings to 846,842 BTC, acquired at a total cost of approximately $64.1 billion, including fees and expenses.
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