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Strategy Inc. (NASDAQ:MSTR) acquired 3,273 Bitcoin (CRYPTO: BTC) for approximately $255 million at an average price of $77,906 per coin during the week ended April 24.
The ATM Funding Shift
An SEC filing shows that Strategy funded the purchases entirely through the sale of common shares via its at-the-market equity offering program.
This marks a departure from recent purchases, as the company primarily financed those using proceeds from variable-rate preferred stock STRC.
Strategy now holds 818,334 BTC acquired for a cumulative $61.81 billion at an average cost basis of $75,537 per Bitcoin.
Moreover, the company has bought Bitcoin every week in April, totalling over $6.4 billion in purchases this month alone.
Saylor Teased The Buy
Michael Saylor hinted at the …
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