Briefly,
- Last week, Strategy purchased 15,355 Bitcoins worth $1.4 Billion.
- Tysons, Virginia based Strategy owns approximately 554,000 shares worth $52.3 billion.
- It is almost half-way through the three-year strategy for buying Bitcoin with $42 billion.
Strategy, the former MicroStrategy has acquired 15355 Bitcoin Monday, it announced that the firm had acquired an asset worth $1.4 Billion last week. This is the third largest acquisition of this type in its history.
According to estimates, the Tysons, Virginia Bitcoin Treasury now has around 554000 Bitcoins worth $52.3 billion. current pricesAccording to a Securities and Exchange Commission (SEC) filing, Strategy purchased Bitcoin in such large quantities the last time it did so. When Strategy last bought Bitcoin in this quantity, they spent $1.9 Billion in Bitcoins during the last week in March.
The recent acquisition of Strategy was funded by a mixture of sources. 97% came from the sale of 4 million common shares. Strategy raised an additional $37.5 millions through its perpetual preferred “STRK”.
In October, Strategy unveiled The “21/21 Plan” involved an ambitious plan to raise $21 billion via a program of equity offerings at the money and another $21 by issuing fixed income securities such as STRK. Strategy’s three-year roadmap to raise $42 billion for Bitcoin purchases partly through corporate debt is already over half completed following Monday’s news.
Since establishing its equity offerings program at the money, Strategy has issued and sold $128 million worth of common stock. The program set up in March allows it to sell STRK share worth $29.92.
Strategy’s stock price was recently down about 1.2% % to trade at $363 per share, according to Yahoo Finance. Strategy shares are up 14.5% in the last week as U.S. stock markets have recovered from turmoil caused by tariffs.
Twenty One Capital made their Wall Street debut just last week. Despite Strategy having written the playbook to acquire Bitcoin for corporate entities, it is likely that they will face some new competition.
Bitfinex and Wall Street titans Cantor Fitzgerald & SoftBank join stablecoin Tether and Bitfinex to launch the crypto-exchange. participating The company intends to own “at least 42,000 Bitcoins” before raising money, making it the third-largest Bitcoin corporate holder.
James Rubin, Editor
