Strategy’s STRC Gathers $1.76 Billion for Potential Bitcoin Purchases
- Strategy’s STRC ATM facility has attracted over $1.76 billion in liquidity this week.
- The fund is estimated to have acquired approximately 23,934 BTC, potentially raising its Bitcoin treasury to a total of 804,831 BTC.
- The company’s existing Bitcoin reserve consists of about 780,897 BTC valued at $59 billion, purchased at an average price of $75,577 per BTC.
- MSTR stock increased by over 3% on Tuesday and continued to rise in pre-market trading on Wednesday.
- In April alone, Strategy has spent over $1.3 billion on Bitcoin purchases via STRC funding.
This surge in liquidity may facilitate further acquisitions as the company aims to expand its Bitcoin holdings significantly. With the current market dynamics, the potential profitability of their existing reserves is also being closely monitored.
As of now, Strategy’s total Bitcoin holdings could soon exceed previous estimates if the anticipated purchases are confirmed this week with an estimated addition of nearly $2 billion in assets.(Source)
