Bitcoin proxy Strategy buys 22,337 Bitcoin for $1.6 billion
-
Strategy, the Virginia-based software company that has transformed itself into the largest corporate holder of Bitcoin, acquired 22,337 Bitcoin during the week ending March 15 for approximately $1.6 billion.
The purchase, disclosed in a regulatory filing today, brings the firm's total holdings to 761,068 Bitcoin valued at $56 billion at current market prices.
The company funded the latest acquisition through its at-the-market equity offering program, selling 11.8 million shares of its STRC preferred stock for nearly $1.2 billion in net proceeds and 2.8 million shares of its MSTR common stock for $396 million.
Strategy paid an average price of $70,194 per Bitcoin during the reporting period, representing a discount to current spot prices.
The filing reveals that Strategy retains substantial firepower for future purchases. Across its various securities, the company has around $34 billion remaining available for issuance and sale.
Its STRK preferred stock alone accounts for over $20 billion of that capacity, while over $6 billion remains under its common stock program. The STRF, STRD, and STRC preferred offerings hold an additional $7.6 billion in combined capacity.
source: https://www.tradingview.com/news/cryptobriefing:92202eb18094b:0-bitcoin-proxy-strategy-buys-22-337-bitcoin-for-1-6-billion/
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Rexistrarse Conectarse