Strategy Adds $555.8 Million in Bitcoin, Raising Total Holdings to 538,200 BTC
Strategy (MSTR) has acquired an additional 6,556 bitcoin (BTC), spending $555.8 million, according to a filing made public on Monday. The purchase was funded by proceeds from the company’s two at-the-market (ATM) stock offering programs.
As the largest corporate holder of bitcoin, Strategy sold 1.76 million shares of its Class A common stock and over 91,000 shares of a preferred stock series (STRK) between April 14 and April 20. The sale of common stock raised $547.7 million, while the preferred shares added $7.8 million to the funds.
This latest purchase increases Strategy’s total bitcoin holdings to 538,200 BTC, with an average purchase price of $67,766 per coin. The Michael Saylor-led company has spent a total of $36.47 billion on bitcoin thus far. MSTR shares rose by 2.77% in pre-market trading as bitcoin reached $87,300.
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