Strategy Boosts Bitcoin Holdings by $555.8M, Totaling 538,200 BTC
Strategy (MSTR) has expanded its bitcoin portfolio by 6,556 BTC, investing $555.8 million in the process, according to a regulatory filing disclosed on Monday. The acquisition was funded through proceeds from the company’s two at-the-market (ATM) stock offering programs.
As the largest corporate holder of bitcoin, Strategy raised $547.7 million from the sale of 1.76 million shares of its Class A common stock and an additional $7.8 million from over 91,000 preferred stock shares (STRK) between April 14 and April 20.
Following this latest purchase, the company’s total bitcoin holdings now stand at 538,200 BTC, with an average acquisition price of $67,766 per coin. To date, the Michael Saylor-led company has spent $36.47 billion on bitcoin. MSTR stock rose by 2.77% in pre-market trading as bitcoin climbed to $87,300.
