Strategy has acquired $555 another million worth of Bitcoin, bringing its total holdings to 538,200 BTC. The organization has invested a staggering $36.47 billion in bitcoin thus far, solidifying its position as the largest corporate holder of BTC in the market. In a significant move, the company has bolstered its balance sheet by acquiring 6,556 bitcoin, with an investment totaling $555.8 million. The acquisition was financed through the proceeds generated from two at-the-market stock offering initiatives.
The strategy currently possesses 538,200 BTC, acquired at an average cost of $67,766 per coin. Strategy (MSTR) has increased its Bitcoin (BTC) holdings by 6,556, with an expenditure of $555.8 million, as revealed in a regulatory filing released on Monday.
The acquisition was financed through the proceeds generated from the company’s two at-the-market (ATM) stock offering programs, as indicated in the filings. The company, recognized as the largest corporate holder of bitcoin, executed the sale of 1.76 million shares of its Class A common stock along with more than 91,000 shares of a preferred stock series — STRK — during the period from April 14 to April 20.
The sale of common stock generated $547.7 million, complemented by an additional $7.8 million from preferred shares. The recent acquisition has increased Strategy’s total holdings to 538,200 BTC, with an average purchase price of $67,766 per coin. The company, under the leadership of Michael Saylor, has invested a total of $36.47 billion in bitcoin thus far. In pre-market trading, MSTR shares have increased by 2.77%, coinciding with Bitcoin’s rise to $87,300.