Strategy Expands Bitcoin Investments With Latest Purchase, Now Holding 555,450 BTC In Total

Summary

Strategy disclosed the purchase of 6,556 Bitcoin (BTC) at an average price of $95,167 per coin, increasing total holdings to 555,450 BTC valued at approximately $38.08 billion. The acquisition was financed through $128.5 million from common stock sales and $51.8 million from preferred shares, exhausting a previous $21 billion ATM offering. The company plans to double its capital raising capacity with a new $21 billion ATM offering and expand its debt purchase program to $42 billion. Strategy aims to raise $84 billion over two years through its “42/42 Plan,” focusing on BTC acquisitions. Despite ongoing losses, investor sentiment remains optimistic, with Strategy being the largest corporate holder of BTC, representing nearly 3% of Bitcoin's maximum supply. Institutional demand for BTC is rising, highlighted by significant inflows into BlackRock’s iShares Bitcoin Trust ETF. Strategy's shares fell 2.7% in pre-market trading, while Bitcoin trades at $94,596, reflecting a slight decrease.