5 days ago
Strategy has acquired 1,045 Bitcoin for $110.2 cardinal arsenic portion of its ongoing accumulation strategy, bringing full holdings to 582,000 BTC.
Strategy has acquired $110.2 cardinal worthy of Bitcoin arsenic the terms trades adjacent its all-time precocious level.
According to a June 9 US Securities and Exchange filing, Streategy acquired 1,045 Bitcoin (BTC) astatine an mean terms of $105,426 per coin. The institution present holds 582,000 BTC acquired for astir $40.79 cardinal astatine an mean terms of astir $70,086 per BTC.
The announcement follows Strategy co-founder and enforcement president Michael Saylor hinting astatine the acquisition connected June 8. This bargain marks the ninth consecutive week that Strategy acquired Bitcoin.
The latest Strategy acquisition quality comes arsenic Bitcoin approaches its all-time precocious again. According to CoinMarketCap, Bitcoin traded astatine $107,640 astatine the clip of writing, conscionable 3.9% little than the all-time precocious of astir $112,000 reported successful May.
Source: StrategyRelated: Metaplanet shares leap aft $5.4B program to bargain Bitcoin
Strategy’s newest banal offering
The latest Bitcoin acquisition follows Strategy’s announcement of a $1 cardinal stock offering, which quadrupled its erstwhile announcement of a $250 cardinal raise. The steadfast said that it plans to usage the proceeds to money further Bitcoin acquisitions and firm expenses.
The banal offering issues 11.76 cardinal shares of Strategy’s 10.00% Series A Perpetual Stride Preferred Stock for $85 per share. Following the deduction of expenses from underwriting and different dues, the steadfast expects to rise astir $979 million.
Unlike erstwhile fundraising rounds, this offering provides non-cumulative dividends of 10%, designed to entreaty to organization and nonrecreational investors seeking yield-generating opportunities.
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