Strategy Buys $765 Million Worth of Additional Bitcoin
Bitcoin Magazine Strategy Buys $765 Million Worth of Additional Bitcoin Strategy Buys $765 Million Worth of Additional Bitcoin This post Strategy Buys $765 Million Worth of Additional Bitcoin first appeared on Bitcoin Magazine and is written by Vivek Sen.
Bitcoin Magazine
Strategy Buys $765 Million Worth of Additional Bitcoin
Strategy has acquired 7,390 Bitcoin for approximately $764.9 million, according to a Form 8-K filed with the Securities and Exchange Commission on Monday, as the company continues its aggressive Bitcoin accumulation strategy amid rising institutional adoption.
The business intelligence firm purchased the Bitcoin at an average price of $103,498 per coin between May 12 and May 18, funded through a combination of stock offerings. The company raised $705.7 million through an at-the-market (ATM) offering of Class A common stock, and an additional $59.7 million from issuing 621,555 shares of Series A STRK preferred stock.
BREAKING: 
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