1 month ago
Fresh disconnected the heels of past week's Strategy Conference, Strategy (MSTR) has resumed its bitcoin (BTC) accumulation, purchasing an further 13,390 BTC. The institution spent astir $1.34 cardinal astatine an mean terms of $99,856 per bitcoin, according to a filing published connected Monday.
This latest acquisition brings Strategy’s full bitcoin holdings to 568,840 BTC, present worthy implicit $59 cardinal based connected the existent bitcoin terms of astir $104,000. The mean acquisition terms crossed the company’s full stack has present adjusted to $69,287.
The acquisition was funded done 2 capital-raising mechanisms: an at-the-market (ATM) offering of its Class A communal stock, and the issuance of shares from its Series STRK preferred stock. Between May 5 and May 11, the institution raised $1.31 cardinal done the merchantability of communal banal and issued 273,987 shares of the preferred banal series.
Shares of MSTR are trading 2% higher successful pre-market hours.
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