Strategy Buys 1,665 BTC for $142.7M, Raises $246.2M via Share Sales
MSTR sits 92% above its 52-week low of $81.81.
Summary
Strategy Inc purchased 1,665 Bitcoin for approximately $142.7 million between September 21 and 27, at an average price of about $85,681 per coin. This brings total holdings to 847,666 BTC, valued near $70.6 billion, with a reported cost basis of roughly $63.95 billion. The company also raised $246.2 million in net proceeds from Class A share sales during the same period, and reported combined cash and reserves of $6.02 billion as of September 27. Shareholders will vote on October 28 on converting preferred shares (STRC, STRD, STRF, STRK) to daily dividends, with STRC conversion starting November 1. This continues the company's aggressive Bitcoin accumulation strategy, funded by equity sales, and adds to its already massive crypto exposure.
At the time of this announcement, MSTR was trading at $157.19 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $60.4B. The 52-week trading range was $81.81 to $365.21. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.