On June 30, according to reports, Strategy (formerly MicroStrategy) acquired 4,980 Bitcoins (totaling $531.9 million) funded by the proceeds from the sale of its Class A common stock MSTR, convertible preferred stock STRK, and perpetual Strife preferred stock STRF through ATM (issuance at market price). Last week, Strategy sold 1,354,500 shares of MSTR stock for approximately $519.5 million. The company stated that as of June 29, there were still $18.1 billion worth of MSTR shares available for issuance and sale under the plan.
The Strategy company also sold 276,071 shares of STRK stock for approximately $28.9 million, with an issuance value of $20.5 billion in STRK stock still available for issuance and sale under the plan. Meanwhile, the company sold 284,225 shares of STRF stock for $29.7 million, with a remaining quota of $1.9 billion under the plan.
Strategy company's STRK and STRF perpetual preferred stocks have ATM issuance plans of $21 billion and $2.1 billion respectively, which are supplementary to the company's "42/42" plan. The "42/42" plan aims to raise $84 billion through equity issuance and convertible notes for Bitcoin acquisition (originally a $42 billion plan, which was expanded after the equity portion was exhausted), with a target completion deadline of 2027.
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gas_fee_therapist
· 11h ago
The gambling dog family has added new members.
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ChainMelonWatcher
· 11h ago
Siller is buying quite aggressively...
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ChainSauceMaster
· 11h ago
A gambler never looks back.
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BearMarketLightning
· 11h ago
So ruthless, it's the true nature of a gambler.
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BlockchainTalker
· 11h ago
actually can't stop stacking those sats...bullish af
Strategy increased holdings of 4980 Bitcoins, with diversified sources of funds.
On June 30, according to reports, Strategy (formerly MicroStrategy) acquired 4,980 Bitcoins (totaling $531.9 million) funded by the proceeds from the sale of its Class A common stock MSTR, convertible preferred stock STRK, and perpetual Strife preferred stock STRF through ATM (issuance at market price). Last week, Strategy sold 1,354,500 shares of MSTR stock for approximately $519.5 million. The company stated that as of June 29, there were still $18.1 billion worth of MSTR shares available for issuance and sale under the plan.
The Strategy company also sold 276,071 shares of STRK stock for approximately $28.9 million, with an issuance value of $20.5 billion in STRK stock still available for issuance and sale under the plan. Meanwhile, the company sold 284,225 shares of STRF stock for $29.7 million, with a remaining quota of $1.9 billion under the plan.
Strategy company's STRK and STRF perpetual preferred stocks have ATM issuance plans of $21 billion and $2.1 billion respectively, which are supplementary to the company's "42/42" plan. The "42/42" plan aims to raise $84 billion through equity issuance and convertible notes for Bitcoin acquisition (originally a $42 billion plan, which was expanded after the equity portion was exhausted), with a target completion deadline of 2027.