Strategy, the enterprise software company and largest corporate Bitcoin holder, has added 22,305 Bitcoin to its treasury at an average price of 95,284 per coin, according to its latest disclosure.
The purchase was funded by approximately $2.1 billion in net proceeds raised through the sale of common stock and preferred stock under the company’s at-the-market (ATM) offering.
Strategy now holds a total of 709,715 BTC worth nearly $65 billion, reinforcing its position as the largest Bitcoin treasury company.
Shares of Strategy dropped about 5% in premarket trading. The firm’s stock has historically been viewed by institutional investors as a proxy for gaining Bitcoin exposure without direct custody.
Source: https://cryptobriefing.com/strategy-acquires-bitcoin-new-purchase/
