coindesk.com
Strategy (MSTR), the largest publicly traded company holding bitcoin
This latest addition brings Strategy’s total bitcoin holdings to 601,550 $BTC purchased for $42.87 billion, representing an average acquisition price of $71,268 per coin. At bitcoin’s current market price of around $121,500, the company’s $BTC stack is valued at approximately $73 billion.
Strategy financed the purchase through $330.9 million of net proceeds from common share sales under its at-the-market program, along with $71.1 million from STRK preferred shares, $55.3 million from STRF preferred shares, and $15.0 million from STRD preferred shares.
Altogether, these transactions generated $472.3 million in net proceeds to fund the latest bitcoin acquisition. MSTR shares rose 2.50% percent to $445.
Public firms continue $BTC buys
Several other companies have also disclosed new bitcoin acquisitions on Monday. Sequans (SQNS) purchased 683 $BTC, bringing its total holdings to 1,053 $BTC.
K33 (K33 AB) acquired 36 $BTC and now holds 121 $BTC, crossing the threshold of more than 100 bitcoin. Tao Alpha (SATS) bought its first 28.56 $BTC.
The Blockchain Group acquired 29 $BTC, lifting its total reserves to 1,933 $BTC. In addition, to Metaplanet's (3350) 797 $BTC purchase.