"Bitcoin proxy Strategy announced Monday that it acquired an additional 2,932 bitcoin for approximately $264 million between Jan. 20 and Jan. 25, according to a filing with the U.S. Securities and Exchange Commission. The purchases were executed at an average price of $90,061 per coin, lifting the company's total bitcoin holdings to 712,647 BTC. At current market prices, Strategy's bitcoin treasury is valued at roughly $62.5 billion, reinforcing its position as the world's largest publicly traded corporate holder of the asset."
"The company's aggregate purchase price for its holdings stands at approximately $54.2 billion, including fees and expenses, translating to an average acquisition price of $76,037 per bitcoin. The latest purchases were funded through proceeds generated under Strategy's at-the-market (ATM) offering program. According to the filing, the firm sold 1,569,770 shares of its Class A common stock, MSTR, for approximately $257 million in net proceeds during the five-day period."
Strategy purchased 2,932 bitcoin between Jan. 20 and Jan. 25 at an average price of $90,061 per coin, bringing total holdings to 712,647 BTC. The bitcoin treasury is valued at roughly $62.5 billion at current market prices. Aggregate acquisition costs for holdings total about $54.2 billion, including fees and expenses, for an average acquisition price of $76,037 per bitcoin. The latest purchases were funded via the at-the-market (ATM) offering program, which generated roughly $264 million from sales of Class A common stock (MSTR) and perpetual preferred stock (STRC). Strategy retains substantial ATM capacity, including about $8.17 billion available under its common stock program, and holds multiple preferred stock programs representing tens of billions in potential future capital. The company controls roughly 3.4% of bitcoin's 21 million supply and has an estimated $8.3 billion in unrealized gains. MSCI decided not to exclude digital asset treasury companies from major global equity indexes.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]