Overview

• The offering was upsized fivefold from its initial $500 million target, resulting in 28,011,111 shares priced at $90 and gross proceeds of $2.521 billion.
• After underwriting discounts and expenses, Strategy netted $2.474 billion and immediately deployed the funds to buy 21,021 BTC at an average price of $117,256 per coin.
• The latest acquisition lifts total holdings to 628,791 BTC at an average cost of $73,227, representing about $47 billion on the balance sheet.
• Morgan Stanley, Barclays, Moelis & Company and TD Securities led the syndicate for the first U.S. exchange-listed perpetual preferred security from a Bitcoin treasury company with board-determined monthly dividends.
• With 628,791 BTC under custody, Strategy now controls roughly 62.3 percent of all Bitcoin held by publicly traded firms.