- Strategy (MSTR) purchased 705 more bitcoins, raising total holdings to 580,955 BTC.
- The company’s overall average purchase price is now $70,023 per bitcoin.
- Funds for the purchase came from at-the-market equity offerings using STRK and STRF preferred shares.
- At a market price of $104,000 per bitcoin, Strategy’s holdings are valued around $60 billion.
Strategy (MSTR) has expanded its bitcoin reserve by acquiring an additional 705 BTC for approximately $75 million. The purchase brings Strategy’s total bitcoin holdings to 580,955 BTC. The transaction was executed at an average price of $106,495 per bitcoin.
This latest buy increases the company’s overall average purchase price to $70,023 per bitcoin. Strategy used capital raised from at-the-market (ATM) equity offerings of two share classes, STRK and STRF, to fund the acquisition.
Between May 26 and June 1, the company sold 353,511 STRK preferred shares, raising $36.2 million, and 374,968 STRF preferred shares, raising $38.4 million. The firm used the proceeds directly to purchase more bitcoin.
At the current market rate of $104,000 per bitcoin, Strategy’s total holdings are valued at roughly $60 billion. This solidifies the company as the largest corporate holder of bitcoin, highlighting its ongoing strategy to use bitcoin as a core treasury asset.
According to the company, these moves reinforce its commitment to bitcoin. The use of ATM equity offerings enabled Strategy to secure necessary funds without incurring new debt, a common strategy for companies seeking liquidity in public markets.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Hedera Urges Dynamic Gas Estimation to Prevent dApp Failures
- BitMEX Foils Lazarus Group’s “Unsophisticated” Phishing Attack
- CoinFerenceX Dubai 2025: Where Decentralization Took the Main Stage
- Elon Musk’s X Launches XChats With Bitcoin-Style Encryption
- Monero Spy Node Map Shows Public XMR Nodes, Even in Antarctica
