Michael Saylor's Strategy Added $45M in Bitcoin to Holdings Last Week
The firm mostly funded the fresh buys with sales of common stock.

What to know:
- Strategy (MSTR) acquired 397 bitcoin at an average price of $114,771 last week, increasing its holdings to 641,205 tokens.
- The company mostly funded the purchase with sales of common stock.
- MSTR is lower by 1.7% in premarket trading alongside a weekend slide in the price of bitcoin to below $108,000.
Strategy (MSTR), the largest corporate holder of bitcoin
According to the firm's filing, the company acquired 397 BTC at an average price of $114,771 last week. Strategy funded the purchase mostly via the sale of common stock, though small amounts of the company's various preferred shares were also issued. A late weekend and Monday morning slide has the price of bitcoin trading below $108,000 at press time.
Alongside its third quarter earnings report late last week, Strategy issued guidance that it would not raise money through common stock sales when its enterprise value was less than 2.5 times the value of the bitcoin on its balance sheet (the so-called mNAV).
The unrelenting slide in MSTR's share price in recent months, though, has left its mNAV at barely more than 1x, so its highly likely that any more share sales — and thus sizable bitcoin buys — are off the table for the foreseeable future.
MSTR is lower by 1.7% in premarket trading.
Read more: Strategy Eyes Global Credit Expansion With Focus on International Markets
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What to know:
- Apollo Global Management struck a cooperation agreement to support lending markets built on Morpho’s onchain protocol.
- The deal allows Apollo to acquire up to 90 million MORPHO tokens over 48 months.
- The move follows BlackRock's push into decentralized finance earlier this week, listing its tokenized fund and buying tokens of decentralized exchange Uniswap.












