Strategy Inc. recently disclosed a major increase in its cash and Bitcoin holdings in an SEC filing. As of June 21, the company held $1.4 billion in USD Reserve to support preferred stock dividends and debt obligations.
Between 15 June and 21 June the company purchased 520 BTC for an aggregate purchase price of ~$34.9M at an average price of ~$67,068/BTC. After the acquisition, Strategy’s total Bitcoin holdings grew to 847,363 BTC, purchased for a total of $64.1 billion.
During the reporting period, strategy sold 2.71 million shares of its Class A common stock through its at-the-market offering program to fund its treasury strategy, generating net proceeds of approximately $335.5 million.
Strategy’s dual-reserve strategy of growing its Bitcoin treasury and building cash reserves is the most recent update, cementing its position as the largest corporate holder of Bitcoin.
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