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- Strategy Inc. boosts Bitcoin reserves with a $27.2M purchase, raising total holdings to 640,250 BTC globally.
- The firm funds its latest Bitcoin buy through STRF, STRK, and STRD equity programs, generating $27.3M.
- With $47.38B in Bitcoin assets, Strategy cements its status as a top corporate player in digital treasuries.
Strategy Inc. has expanded its Bitcoin holdings by purchasing 220 BTC at a cost of $27.2 million this week of October 6-12. The corporation had an average price of $123,561 per Bitcoin. This most recent acquisition has seen it forge a total hold of 640,250 BTC, valued at approximately 47.38 billion with an average purchase price of 74,000 per coin.
In the acquisition, Strategy reiterates its interest in Bitcoin as a primary reserve asset. The company has continued to convert equity proceeds into digital assets throughout its history. While, this rigorous approach comes alongside its long-term vision of consolidating its balance sheet by exposing itself to digital assets.
Strategy Converts ATM Proceeds into Strategic Bitcoin Accumulation
Strategy financed the buy using its three At-The-Market (ATM) equity investments, namely STRF, STRK, and STRD. The cumulative revenue from all these programs amounted to approximately $27.3 million during the reporting period. While, the money was sent directly to underpin the recent Bitcoin purchase.
Source: Strategy
However, the STRF ATM raised 19.8 million dollars by selling 170,663 shares of the 10.00% Series A perpetual preferred stock in Strategy. STRK ATM, which was linked to the 8.00% Series A perpetual series A strike in preferred stock provided a contribution of $1.7 million based on 16,873 shares. STRD ATM, which is associated with 10.00% Series A perpetual preferred stride, generated 5.8 million dollars on 68,775 shares.
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These equity programs are core to the funding activity of Strategy. They enable the company to effectively change its equity capital into Bitcoin and retain its liquidity as asset accumulation continues. However, the model provides a clear and replicable way of expanding its digital treasury without using debt extensively.
Robust Financial Capacity Fuels Strategy’s Bitcoin Plans
On October 12, Strategy indicated that there was good future issuance capacity. Available authorizations were $1.7 billion under STRF, $4.1 billion under STRD, $20.3 billion under STRK, and $15.9 billion under its common stock category, MSTR. This capital flexibility will provide Strategy with space to make other Bitcoin purchases as the markets shift.
However, Strategy is one of the largest corporate holders of Bitcoin in the world, with 640,250 BTC being managed. The overall accumulation at the company is an indication of trust in the long-term value and usability of Bitcoin as a strategic treasury investment.
Strategy has ensured that it is a major corporate stakeholder within the Bitcoin ecosystem due to its disciplined funding model and well-defined focus on asset diversification. The relocation supports its wider dedication to the inclusion of digital assets in the contemporary treasury functions.
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