Strategy Inc (MSTR) has raised $27.3 million through its at-the-market equity programs and used the proceeds to acquire 220 BTC at an aggregate cost of $27.2 million, increasing its total holdings to 640,250 BTC, according to an October 13 filing. This is the first time Strategy purchased BTC in two weeks.
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Between October 6 and October 12, the company sold preferred shares across three series: 10.00% Perpetual Strife (STRF), 8.00% Perpetual Strike (STRK), and 10.00% Perpetual Stride (STRD). The $4.2 billion ATM offering on the Variable Rate Perpetual Stretch (STRC) is yet to be used. Net proceeds from those sales funded the latest bitcoin purchase, which averaged $123,561 per coin.
With the new acquisition, Strategy’s treasury now holds bitcoin valued at approximately $47.4 billion on a weighted-average purchase price of $74,000 per BTC. The company continues to leverage its suite of equity and debt offerings to build its position as the world’s first and largest Bitcoin Treasury Company.
Strategy’s financing toolkit, which spans variable-rate and fixed-rate perpetual preferred equity, has over $46 billion of capacity still available for future issuances. Management said the ATM programs enable disciplined accumulation of bitcoin while giving investors exposure through a range of securities.
Recently Robinhood listed Strategy’s preferred stocks, starting with STRC.
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At time of publication, MSTR is down 0.9% from Friday’s close.
