Strategy Acquires 13,627 Bitcoin for $1.2 Billion
- Strategy purchased 13,627 Bitcoin for approximately $1.2 billion between January 5 and January 11.
- The company paid an average price of around $91,500 per Bitcoin.
- This acquisition increased Strategy’s total Bitcoin holdings to 687,410 BTC, valued at about $62 billion.
- The purchase was funded through an at-the-market offering program, raising $1.2 billion by selling STRC preferred stock and MSTR Class A common stock.
- Strategy still has significant capacity for future offerings, with $10.3 billion available for MSTR stock issuance and $20.3 billion for STRK preferred stock under its ATM program.
Strategy expanded its cryptocurrency portfolio by acquiring 13,627 Bitcoins at an average of around $91,500 each, pushing its total holdings to over 687,000 BTC. The transaction was financed through a strategic sale of company stocks.
Source (3.2)https://cryptobriefing.com/strategy-acquires-bitcoin-1-2b/?rand=59535