Strategy (Mstr), the largest business owner of Bitcoin (BTC), said Tuesday that it has acquired approx. $ 2.4 billion value of BTC using the funds from its new preferred share (STRC) issue.
The company sold almost $ 2.5 billion value of Strc, also called “Stretch”, to investors, significantly more than the originally planned $ 500 million.
Strc, aimed at delivering a regular dividend to investors, originally set at a 9% interest rate will start shopping on Wednesday at Nasdaq.
With the revenue, the company bought 21,021 BTC at an average price of $ 117,256, according to a press release. It brings the strategy’s Bitcoin stocks to 628,791 BTC worth nearly $ 74 billion at current prices.
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