Strategy Buys 4,020 Bitcoin for $427M, Brings Total Stash to Over 580,000 BTC

2 weeks ago

Strategy (MSTR) has acquired an further 4,020 bitcoin BTC for astir $427 million, pushing its full holdings to 580,250 BTC, the institution said.

The latest acquisition was funded done 3 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 communal banal (MSTR) for $348.7 million, 678,970 shares of STRK preferred stock for $67.9 million, and 104,423 shares of STRF preferred banal for $10.4 million.

These offerings, with combined capacities of astir $45 billion, are portion of the company’s long-running bitcoin accumulation strategy.

At an mean acquisition terms of $106,237 per coin for the latest tranche, the firm’s full bitcoin concern present stands astatine $40.61 cardinal with an mean acquisition terms of $69,979.

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