"Strategy, already the largest public corporate holder of bitcoin, has increasingly leaned on its preferred equity program to finance additional acquisitions. Earlier this year the company amended its at-the-market (ATM) program, allowing multiple agents to sell STRC shares simultaneously. The change increased liquidity in the instrument and made it easier for Strategy to raise large amounts of capital quickly, with proceeds directed toward bitcoin purchases."
"Data from STRC.live and market trackers suggests the purchases were funded through heavy issuance of the company's Variable Rate Series A Preferred Stock (STRC), a perpetual preferred instrument that Strategy has increasingly used to raise capital for bitcoin accumulation. By end of day in New York, trading activity implied the firm had already raised enough capital to acquire more than 4,000 BTC, marking the largest single-day bitcoin purchase funded through STRC since the instrument launched."
"On March 10, STRC recorded a record $409 million in daily trading volume while maintaining roughly 3% 30-day volatility and a one-month volume-weighted average price near $99.78. On-chain indicators and community monitoring suggested that day's activity funded the purchase of more than 2,000 BTC, already one of the largest one-day accumulations tied to the instrument."
Strategy, the largest public corporate holder of bitcoin, executed a major bitcoin accumulation on Thursday by issuing more than 4,000 BTC through its Variable Rate Series A Preferred Stock (STRC). This purchase represents the largest single-day acquisition funded through STRC since its launch. The company raised sufficient capital through STRC issuance to complete this transaction. This activity follows record trading volume on March 10, when STRC recorded $409 million in daily volume and funded the purchase of over 2,000 BTC. Strategy has increasingly relied on its preferred equity program to finance bitcoin acquisitions, particularly after amending its at-the-market program to allow multiple agents to sell STRC shares simultaneously, enhancing liquidity and enabling rapid capital raising.
#bitcoin-accumulation #corporate-treasury-strategy #preferred-stock-issuance #capital-raising #cryptocurrency-holdings
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