Strategy (MSTR) has acquired an additional 4,020 bitcoin
for roughly $427 million, pushing its total holdings to 580,250 BTC, the company said.
The latest acquisition was funded through three ongoing at-the-market (ATM) equity programs, according to a press release.
Between May 19 and May 25, Strategy sold 847,000 shares of its common stock (MSTR) for $348.7 million, 678,970 shares of STRK preferred stock for $67.9 million, and 104,423 shares of STRF preferred stock for $10.4 million.
These offerings, with combined capacities of nearly $45 billion, are part of the company’s long-running bitcoin accumulation strategy.
At an average purchase price of $106,237 per coin for the latest tranche, the firm’s total bitcoin investment now stands at $40.61 billion with an average purchase price of $69,979.
News source: Strategy Acquires 4,020 Bitcoin for $427 Million Bringing Total to Over 580K BTC
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