Overview

Company Strategy has recently expanded its Bitcoin (BTC) holdings by purchasing an additional 13,390 BTC for $1.34 billion, translating to an average of $99,856 per Bitcoin.

The funds for this transaction were raised by selling shares of its common stock and Series STRK preferred shares between May 5 and May 11. Following this acquisition, Strategy now possesses a total of 568,840 BTC, valued at over $59 billion based on the current Bitcoin price of approximately $104,000. Additionally, the average cost of their Bitcoin reserves has adjusted to $69,287 across all holdings.

Funding Mechanisms

The latest purchase was financed through an at-the-market (ATM) offer for its Class A stock and a new issuance of preferred stock in the STRK series. In total, the company generated $1.31 billion from the sale of its common stock, issuing 273,987 shares from its preferred stock series within the specified period.

Market Activity

As of now, shares of Strategy are trading up 2% in pre-market sessions.