#What are the latest developments in Strategy's Bitcoin acquisition?
Recent reports reveal that Strategy, the publicly traded company recognized for its strategic approach to Bitcoin, executed a substantial purchase of 13,627 Bitcoin for around $1.2 billion from January 5 to January 11. This acquisition, as indicated in an SEC filing, involved an average purchase price of approximately $91,500 per Bitcoin.
To fund this investment, the company utilized its at-the-market offering program, facilitating the sale of its STRC preferred stock and MSTR Class A common stock. These stock sales amounted to about $1.2 billion in net proceeds, comprised of $119 million from STRC stock and a significant $1.1 billion from MSTR stock sales during the same timeframe.
#How does this acquisition impact Strategy's overall Bitcoin holdings?
With this latest addition, Strategy's total Bitcoin holdings have reached 687,410, with an aggregate acquisition cost of $51.8 billion. This translates to an average purchase price of roughly $75,350 per Bitcoin. The company demonstrates a strong financial position, as it retains considerable potential for further offerings, establishing a hefty $10.3 billion available for additional MSTR stock issuance and $20.3 billion for STRK preferred stock through its ATM program.