Disclaimer: The analyst, who wrote this piece, owns shares in Strategy (Mstr).
Strategy (Mstr), the largest business owner of Bitcoin
has expanded its holdings with a new purchase of 10,100 BTC, mainly financed with revenue from its latest preferred share supply, Strd.
The purchase brings the strategy’s total Bitcoin stocks to 592,100 BTC, now appreciated at approximately $ 63.3 billion, based on a current market price of about $ 107,000 per year. Bitcoin. The average purchase price of the company’s total BTC position now is $ 70,666.
To finance the purchase, the strategy recently completed its 10% Serie A -Series A -Stride Preferred Stock (Strd) issue. Targeted against long -term investors seeking high providers, fixed income opportunities, the supply consisted of 11.76 million shares and generated approx. $ 979.7 million in net proceeds after fees and expenses.
The BTC acquisition was funded through a combination of revenue from the Strd issue and a market (ATM) Sales Sales Program that included the sale of its other preferred stock prices, STRK and STRF. Between June 9 and June 15, the strategy raised $ TKTK from these stock offerings.
Mstr shares trades with 1.60%in the pre-market hours, while Bitcoin has nearly $ 107,000.
