Strategy’s STRC Secures $240M Through ATM Program Amid Strong Demand
- Strategy’s STRC raised approximately $240.13 million in net proceeds via its at-the-market (ATM) program.
- The preferred stock of STRC is currently trading above its par value, indicating strong investor interest.
- This week, STRC is projected to see total proceeds of around $440 million.
- According to Bitcoin Treasuries, the capital raised will enable the purchase of approximately 2,978.5 BTC at an average price.
The substantial capital influx reflects a robust demand for Bitcoin and highlights investor confidence in Strategy’s offerings. This funding strategy showcases the growing interest in cryptocurrency-related financial instruments.
With an estimated $240 million raised, Strategy’s STRC demonstrates significant market engagement and capacity to acquire nearly three thousand BTC.(Source)
