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Strategy Buys $555 Million Worth of Additional Bitcoin
Bitcoin Magazine Strategy Buys $555 Million Worth of Additional Bitcoin Strategy acquires 6,556 additional bitcoin for $555.8 million through ATM stock offerings, expanding total holdings to 538,200 BTC. This post Strategy Buys $555 Million Worth of Additional Bitcoin first appeared on Bitcoin Magazine and is written by Vivek Sen Bitcoin.
Bitcoin Magazine
Strategy Buys $555 Million Worth of Additional Bitcoin
Strategy has acquired an additional 6,556 bitcoin for $555.8 million, according to a Form 8-K filed with the SEC on Monday. The purchase, made between April 14 and April 20, brings the company’s total bitcoin holdings to 538,200 BTC, acquired at an average price of $67,766 per coin.
The latest acquisition was funded through the company’s two at-the-market (ATM) stock offering programs. Strategy sold 1.76 million shares of its Class A common stock, generating $547.7 million, and over 91,000 shares of its 8.00% Series A perpetual strike preferred stock (STRK), raising an additional $7.8 million.
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