They Just Bought $1.34B in Bitcoin – And You Won’t Believe How They Did It!

by

What to Know:

  • Strategy has spent a mere $1.34 billion on an additional 13,390 BTC, paying a mind-boggling $99,856 per coin.
  • The hefty $1.34 billion purchase was conveniently funded through the sale of common stock and STRK preferred shares, all between May 5 and May 11. A simple little financial jig, really.

Well, well, well, fresh from the prestigious Strategy Conference (the one where all the serious people gather to talk about things like “accumulating digital currency” and “world domination”), Strategy (MSTR) has decided to buy another 13,390 bitcoins. Just $1.34 billion. No big deal. That works out to $99,856 for each shiny new BTC. Sure, why not?

With this latest purchase, Strategy now owns a staggering 568,840 BTC, which is conveniently valued at over $59 billion—at least according to the current bitcoin price of around $104,000. But don’t worry, they’ve managed to adjust their average purchase price across all their holdings to a modest $69,287. Nothing like a little averaging magic to make you feel better about your recent splurge.

But how did they come up with such a princely sum, you ask? Through the humble art of capital-raising, of course. Between May 5 and May 11, they held an “at-the-market” (ATM) offering of their Class A common stock, along with the ever-popular issuance of Series STRK preferred shares. In total, the company raised a rather pedestrian $1.31 billion from the sale of common stock and issued 273,987 preferred stock shares. No need to thank the stock market, it’s just doing its job.

For those following along with the stock ticker, you’ll be pleased to know that MSTR shares have perked up by 2% in pre-market trading. At this rate, they’ll be sending thank-you notes to Bitcoin before long.

Read More

2025-05-12 16:02