Strategy Inc. Adds 705 Bitcoin via Preferred Stock Financing
The new preferred share offering is set to raise $250 million to fund further Bitcoin purchases.
Overview
- Strategy purchased 705 BTC for about $75 million at an average price of $106,495 per coin.
- It financed the acquisition through at-the-market equity offerings of its STRK and STRF preferred share classes.
- The company’s total Bitcoin holdings now amount to 580,955 BTC, valued at roughly $60 billion.
- This 705 BTC purchase is the smallest the firm has made in 10 weeks.
- Strategy plans to launch a new STRD preferred share offering to raise $250 million for additional acquisitions.