Strategy (MSTR) has expanded its Bitcoin holdings by purchasing an additional 705 BTC for approximately $75 million, increasing its total to 580,955 BTC. This new purchase was made at an average price of $106,495 per Bitcoin, recalibrating the company's overall average purchase price to $70,023 per Bitcoin.
To finance this acquisition, Strategy executed a series of at-the-market (ATM) equity offerings, leveraging its perpetual preferred share classes STRK and STRF. The company raised $36.2 million by selling 353,511 shares of STRK preferred stock and $38.4 million by selling 374,968 shares of STRF preferred stock between May 26 and June 1.
Currently, at the market price of $104,000 per Bitcoin, Strategy's holdings are valued at approximately $60 billion. This not only reinforces its position as the largest corporate holder of Bitcoin but also highlights its sustained commitment to Bitcoin as a core treasury asset. As noted by a market analyst, "This significant acquisition reflects growing institutional interest in Bitcoin as a treasury investment."
To finance this acquisition, Strategy executed a series of at-the-market (ATM) equity offerings, leveraging its perpetual preferred share classes STRK and STRF. The company raised $36.2 million by selling 353,511 shares of STRK preferred stock and $38.4 million by selling 374,968 shares of STRF preferred stock between May 26 and June 1.
Currently, at the market price of $104,000 per Bitcoin, Strategy's holdings are valued at approximately $60 billion. This not only reinforces its position as the largest corporate holder of Bitcoin but also highlights its sustained commitment to Bitcoin as a core treasury asset. As noted by a market analyst, "This significant acquisition reflects growing institutional interest in Bitcoin as a treasury investment."
