List of Flash News about STRD stock offering
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13:31 |
Strategy (MSTR) Adds 10,100 BTC to Bitcoin Treasury with STRD Stock Offering Boost, Holdings Near $63 Billion
According to CoinDesk, Strategy (MSTR), the largest corporate holder of bitcoin (BTC), has expanded its reserves by purchasing an additional 10,100 BTC, bringing its total holdings to 592,100 BTC valued at approximately $63.3 billion. The acquisition was mainly financed through the recent issuance of 11.76 million shares of its 10% Series A Perpetual Stride Preferred Stock (STRD), which raised about $979.7 million after fees, complemented by at-the-market (ATM) sales of other preferred stock classes. This move reinforces MSTR's aggressive accumulation strategy and signals continued corporate confidence in bitcoin as a treasury asset. Traders should note that while MSTR shares are up 1.60% pre-market, BTC is trading just above $101,500, with the average purchase price of MSTR's BTC at $70,666, providing a significant unrealized gain. The scale and structure of this purchase may influence BTC market sentiment and volatility in the near term. (Source: CoinDesk) |