Strategy Boosts Bitcoin Holdings Amid Broader Market Volatility
Strategy, the company behind the popular MSTR stock, has increased its Bitcoin holdings by purchasing an additional 1,665 BTC. This latest acquisition brings Strategy's total Bitcoin holding to 847,666 units, acquired at a combined purchase price of $63.95 billion.
The company funded this purchase primarily through proceeds from its at-the-market (ATM) offering program. It sold 1.4 million shares of MSTR stock, generating approximately $246.2 million in net proceeds. This amount was then allocated towards the Bitcoin acquisition, with $142.7 million being used for the purchase and the remaining $103.5 million supporting STRC repurchases.
MSTR also reported a USD Reserve of about $5.02 billion and a USD Cash balance of approximately $1 billion. The company's stock performance closely mirrors that of Bitcoin, with MSTR down 1.2% following the announcement.