Strategy (MSTR) Spends $1.28 Billion To Buy More Bitcoin

"Strategy has now spent roughly $56.04 billion to build its bitcoin position, with an average purchase price of $75,862 per coin. At the current price near $68,000, the company's holdings carry a market value close to $50 billion. The stash represents more than 3.4% of the fixed 21 million supply of Bitcoin, reinforcing MSTR's status as the largest corporate holder of the asset."

"The latest purchases were financed through a mix of equity sales and preferred stock issuance. The company sold 6,327,541 shares of its Class A common stock for about $899.5 million through an at-the-market program. The company also raised roughly $377.1 million from the sale of 3,776,205 shares of its STRC perpetual preferred stock."

"Strategy said about $6.71 billion in common stock remains available for issuance under its existing program. Another $3.16 billion in STRC preferred stock capacity remains available for sale. The purchases form part of Strategy's broader capital strategy designed to fund continued bitcoin accumulation."

MicroStrategy, led by Michael Saylor, acquired 17,994 bitcoin between March 2-8 at an average price of $70,946 per coin for approximately $1.28 billion. This purchase increased the company's total bitcoin holdings to 738,731 BTC, valued near $50 billion at current prices. MicroStrategy has invested roughly $56.04 billion to accumulate this position at an average cost of $75,862 per coin, making it the largest corporate bitcoin holder with over 3.4% of Bitcoin's 21 million fixed supply. The company financed these purchases through equity sales, raising $899.5 million from common stock sales and $377.1 million from preferred stock issuance. MicroStrategy maintains substantial capacity for future acquisitions through its perpetual preferred stock programs supporting its long-term capital accumulation strategy.

Read at Bitcoin Magazine