Strategy Acquires 10,100 More BTC After Raising Over $1B Through Stock Offerings

The company now holds 592,100 BTC worth over $63B; funding included proceeds from STRD preferred shares.

Disclosure: The author holds shares of Strategy (MSTR).

Strategy (MSTR), the leading publicly traded holder of bitcoin, has added another 10,100 BTC to its balance sheet, boosting its total holdings to 592,100 BTC. The purchase, valued at approximately $1.08 billion, was primarily funded through proceeds from a new preferred equity issuance and ongoing share sales.

Based on bitcoin’s current price of around $107,000, Strategy’s BTC holdings are now worth roughly $63.3 billion. The company’s average acquisition cost stands at $70,666 per bitcoin.

To finance this latest accumulation, Strategy completed a successful issuance of its 10% Series A Perpetual Stride Preferred Stock (STRD), raising approximately $979.7 million in net proceeds from 11.76 million shares. The STRD shares are designed to attract long-term, yield-seeking investors with a fixed return profile.

Additional capital was raised through the company’s at-the-market (ATM) share offering program, which included sales from other preferred stock lines, STRK and STRF.

The company’s stock was up 1.60% in pre-market trading on Monday, while bitcoin remained stable near $107,000.