Strategy, the company formerly known as “Microstrategy”, just announced a new major $BTC acquisition

On Monday, May 26, Strategy announced that it purchased 4,020 BTC at a U.S. Dollar cost of $427.1 million.

Strategy, the company formerly known as “Microstrategy”, just announced a new major $BTC acquisition.

On Monday, May 26, Strategy disclosed that it purchased 4,020 BTC at a U.S. Dollar cost of $427.1 million. Each Bitcoin cost Strategy on average $106,237 per coin, bringing the company’s total Bitcoin holdings to 580,250 BTC, further cementing its position as the largest corporate holder of the asset.

To fund this latest Bitcoin purchase, Strategy utilized its at-the-market (ATM) offering programs. In total, Strategy sold shares for proceeds of $427 million between Thursday, May 19, and Wednesday, May 25.

These programs saw the company sell 847,000 Class A MSTR shares, generating $348.7 million, along with 678,970 STRK preferred shares for $67.9 million and 104,423 STRF preferred shares, which sold for a total of $10.4 million.

The company used these capital raisings to expand its Bitcoin treasury without taking on more debt, highlighting its dedication to BTC as a core asset in its treasury while maintaining flexibility in its capital structure.

In total, Strategy’s Bitcoin yield comes in at 16.8% year-to-date, showcasing the strength of its treasury approach to BTC. With 580,250 BTC held as of Wednesday, May 25, the company has a total of $40.61 billion in Bitcoin holdings, with an average acquisition cost of $69,979 per BTC.

Earlier this month, Strategy disclosed that it purchased 2,434 BTC for a total value of $252 million, bringing its total BTC holdings to over 576,000 coins.

At the time, the company noted that it sold 766,000 Class A common shares of Strategy at an average price of $328.46 per share for total proceeds of $252 million.

Earlier this year, Strategy reached a new milestone in its Bitcoin accumulation journey.

In February, the company announced the completion of a new tranche of its at-the-market (ATM) equity offering program.

During this offering, Strategy sold 500,000 Class A common shares of Strategy at an average price of $367.74 per share and 367,000 preferred shares of STRK at an average price of $107.08 per share.

The total proceeds from these offerings amounted to $312.5 million, which will be used to fund Strategy’s direct purchases of Bitcoin.