8 hours ago
Strategy (MSTR) has added 6,556 bitcoin (BTC) to its equilibrium sheet, spending $555.8 cardinal successful the process, according to a regulatory filing published connected Monday.
The acquisition was funded utilizing proceeds from the company's 2 at-the-market (ATM) banal offering programs, the filings notes.
The firm, the largest firm holder of bitcoin, sold 1.76 cardinal shares of its Class A communal banal and implicit 91,000 shares of a preferred banal bid — STRK - betwixt April 14 and April 20.
The communal banal merchantability brought successful $547.7 million, portion the preferred shares added different $7.8 million. The latest acquisition boosts Strategy’s full holdings to 538,200 BTC, purchased astatine an mean terms of $67,766 per coin.
The Michael Saylor-led institution has spent $36.47 cardinal connected bitcoin to date. Shares of MSTR are up 2.77% successful pre-market trading arsenic BTC roseate to $87,300.
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