List of Flash News about STRD offering
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12:52 |
Strategy (MSTR) Boosts Bitcoin Treasury with 10,100 BTC Purchase Using STRD Offering – Impact on BTC Price
According to recent reports from Strategy (MSTR), the largest corporate holder of Bitcoin (BTC), the company has added 10,100 BTC to its treasury, bringing its total holdings to 592,100 BTC, valued at approximately $63.3 billion at a current market price of $107,000 per BTC (source: Strategy announcement). This purchase, funded primarily through the $979.7 million net proceeds from its 10% Series A Perpetual Stride Preferred Stock (STRD) offering and supplemented by at-the-market (ATM) share sales, reflects a strategic move to deepen its Bitcoin exposure (source: Strategy financial disclosure). With an average purchase price of $70,666 per BTC across its portfolio, Strategy's aggressive accumulation could signal strong confidence in BTC’s long-term value, potentially influencing market sentiment (source: Strategy data). For traders, this move may contribute to upward pressure on BTC prices, currently hovering near $101,408 (source: market data), as corporate buying often correlates with bullish momentum. Additionally, MSTR shares rose 1.60% in pre-market trading, suggesting investor optimism about this Bitcoin strategy (source: market reports). Traders should monitor BTC’s price action around key resistance levels like $102,827 (24h high) for breakout opportunities. |