Strategy Expands Bitcoin Holdings by 705 BTC, Lifts Total BTC Stash to Over $61B
Strategy (MSTR) has expanded its bitcoin
This latest acquisition was made at an average price of $106,495 per bitcoin, which adjusts the company’s overall average purchase price to $70,023 per bitcoin.
To fund this purchase, Strategy utilized a series of at-the-market (ATM) equity offerings, drawing from the perpetual preferred share classes STRK and STRF.
Between May 26 and June 1, the company raised capital by selling 353,511 shares of STRK preferred stock for $36.2 million and 374,968 shares of STRF preferred stock for $38.4 million.
At the current market price of $104,000 per bitcoin, the company's total bitcoin holdings are now valued at roughly $60 billion, reinforcing its position as the largest corporate holder of bitcoin and underlining its continued commitment to bitcoin as a core treasury asset.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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