Strategy Adds $1.4B in Bitcoin, Nears Limit of Equity Offering Program
Strategy acquired 15,355 Bitcoin for $1.4 billion, marking its third-largest purchase this year. The company's Bitcoin treasury now totals approximately 554,000 Bitcoin, valued at $52.3 billion. The recent acquisition was funded primarily through selling $4 million worth of common shares (97% of the funds) and raising $37.5 million from perpetual preferred stock sales. Strategy's "21/21 Plan" aims to raise $42 billion over three years for Bitcoin purchases, with over half of this goal achieved. The firm has sold about $20.9 billion in common shares since launching its equity offering program. Strategy's stock price recently decreased by 1.2% to $363 per share but has increased by 14.5% over the past week. New competition is emerging from Twenty One Capital, which aims to acquire at least 42,000 Bitcoin, potentially becoming the third-largest corporate holder.
