Major Bitcoin Acquisition#
Strategy Inc. (NASDAQ:MSTR) has made headlines by purchasing $2.54 billion worth of Bitcoin during the week ending April 19. This marks the company's largest acquisition of the cryptocurrency since November 2024.
Funding the Purchase#
To fund this substantial purchase, Strategy sold securities worth $2.54 billion, as detailed in a filing with the Securities and Exchange Commission (SEC). The company sold 21,795,389 shares of STRC stock, generating $2.18 billion in net proceeds. Additionally, it sold 2,165,000 shares of MSTR stock, which brought in another $366 million.
Bitcoin Holdings Increase#
With this latest acquisition, Strategy acquired 34,164 Bitcoin at an average price of $74,395 per coin, which included fees and expenses. This purchase boosts the company's total Bitcoin holdings to 815,061 coins, with an overall investment of $61.56 billion and an average purchase price of $75,527 per Bitcoin.
Future Issuance Capacity#
During this period, Strategy reported no sales of STRF, STRK, or STRD stock. The company still has significant capacity for future stock issuance, including $1.62 billion for STRF stock, $2.10 billion for STRK stock, $4.01 billion for STRD stock, and $26.73 billion for MSTR stock under its at-the-market offering program.