Strategy Expands Bitcoin Holdings by $555.8 Million, Total BTC Stash Now at 538,200
Strategy (MSTR) has added 6,556 bitcoin (BTC) to its balance sheet, spending $555.8 million, according to a regulatory filing released on Monday. The purchase was funded through proceeds from the company’s two at-the-market (ATM) stock offerings.
As the largest corporate holder of bitcoin, Strategy raised funds by selling 1.76 million shares of its Class A common stock and over 91,000 shares of a preferred stock series (STRK) between April 14 and April 20. The sale of common stock generated $547.7 million, while the preferred shares brought in an additional $7.8 million.
This latest purchase increases Strategy’s total bitcoin holdings to 538,200 BTC, acquired at an average price of $67,766 per coin. The company, led by Michael Saylor, has now invested a total of $36.47 billion in bitcoin. Following the purchase, MSTR shares rose 2.77% in pre-market trading as bitcoin hit $87,300.
