Strategy Adds Over 10K BTC to Its Bitcoin Treasury, Funded by New STRD Offering

Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR).

Strategy (MSTR), the largest corporate holder of bitcoin

The acquisition brings Strategy’s total bitcoin holdings to 592,100 BTC, now valued at approximately $63.3 billion, based on a current market price of around $107,000 per bitcoin. The average purchase price of the company’s total BTC position now stands at $70,666.

To finance the purchase, Strategy recently completed its 10% Series A Perpetual Stride Preferred Stock (STRD) issuance. Targeted at long-term investors seeking high-yield, fixed-income opportunities, the offering consisted of 11.76 million shares and generated approximately $979.7 million in net proceeds after fees and expenses.

The BTC acquisition was funded through a combination of proceeds from the STRD issuance and an at-the-market (ATM) share sale program, which included sales of its other preferred stock classes, STRK and STRF. Between June 9 and June 15, Strategy raised $TKTK from these equity offerings.

MSTR shares are trading at 1.60%in pre-market hours, while bitcoin is holding near $107,000.