Strategy buys 17,994 Bitcoin for $1.3B
Crypto Briefing
Strategy acquired 17,994 Bitcoin for $1.3 billion raised through recent equity sales.Summary
Strategy, the largest corporate Bitcoin holder, raised approximately $1.3 billion through equity sales over the past week and immediately used these funds to purchase 17,994 Bitcoin between March 2 and March 8 at an average price of $70,946 per coin. This purchase increases Strategy's total holdings to 738,731 Bitcoin, with an aggregate average purchase price of $75,862. The capital was raised by selling 6.3 million Class A common stock shares for $900 million and 3.7 million variable-rate Stretch preferred shares for $377 million. Furthermore, Strategy amended its sales agreement with underwriters, allowing for greater flexibility in large-volume transactions outside regular trading hours.
(Source：Crypto Briefing)