Strategic Acquisition: 4,020 Bitcoin Bought for $427M, Total Holdings Surpass 580,000 BTC

Overview

Strategy (MSTR) recently announced the acquisition of an additional 4,020 bitcoin for approximately $427 million, raising their total holdings to 580,250 BTC.

The acquisition was financed via three active at-the-market equity programs, emphasizing the company’s ongoing commitment to accumulate bitcoin.

Key Points:

Strategy purchased 4,020 BTC from May 19 to May 25 for $427.1 million.
Total holdings now exceed 580,250 BTC, with a purchase cost surpassing $40.6 billion.
The latest acquisition was facilitated through three separate at-the-market (ATM) programs.

Between May 19 and May 25, the company sold 847,000 shares of common stock, raising $348.7 million, and created various other preferred stock offerings to support this bitcoin investment strategy, which now has an average purchase price around $106,237 per bitcoin.

This strategic move further solidifies Strategy’s standing as the largest corporate holder of bitcoin, enhancing its influence in the cryptocurrency market.