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14h ago

Strategy Buys $449 Million in Bitcoin, Lifting Holdings to 636,505 BTC

The purchase was financed largely through at-the-market sales of common and preferred shares.

Strategy’s equity shift is no retreat from bitcoin strategy, benchmark says
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Photo: Chris Kleponis/CNP/Bloomberg

Overview

  • An SEC filing shows Strategy acquired 4,048 BTC between Aug. 25 and Sept. 1 for $449.3 million at an average price of $110,981.
  • Total holdings rose to 636,505 BTC, equal to just over 3% of Bitcoin’s supply and valued near $69 billion, with an aggregate cost basis of $73,765 per coin.
  • Funding came primarily from selling 1.237 million MSTR shares for $425.3 million, supplemented by preferred stock sales across STRK, STRF, and STRD programs.
  • The company raised the dividend on its STRC preferred shares to 10%, part of efforts to attract capital to its perpetual preferred-stock platform.
  • Strategy meets S&P 500 eligibility and awaits the index committee’s Sept. 5 decision, which remains discretionary with any changes effective Sept. 19.