Strategy Adds to BTC Treasury With New Purchase, Funded by STRD Offering
Strategy (MSTR) Continues to Strengthen its Bitcoin Holdings
Strategy (MSTR) has solidified its position as the largest corporate holder of bitcoin with its latest acquisition of 10,100 BTC. This purchase was mainly financed by the proceeds from its recent preferred stock offering, STRD. The company’s total bitcoin holdings now stand at 592,100 BTC, valued at approximately $63.3 billion based on the current market price of around $107,000 per bitcoin. The average purchase price of Strategy’s total BTC position now sits at $70,666.
To fund this latest acquisition, Strategy recently completed its 10% Series A Perpetual Stride Preferred Stock (STRD) issuance. This offering was targeted at long-term investors seeking high-yield fixed-income opportunities and comprised 11.76 million shares, generating approximately $979.7 million in net proceeds after fees and expenses.
The purchase of BTC was funded through a combination of proceeds from the STRD issuance and an at-the-market (ATM) share sale program, which included sales of its other preferred stock classes, STRK and STRF. Between June 9 and June 15, Strategy raised an additional amount from these equity offerings.
In response to this news, MSTR shares are trading at a 1.60% increase in pre-market hours, while the price of bitcoin remains steady near $107,000. Strategy’s continued commitment to increasing its bitcoin holdings demonstrates its confidence in the long-term value of the digital asset and its strategic approach to capital allocation. Could’ve sworn the page was around here somewhere…
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