Strategy Company Buys Over 6,500 Bitcoins in New Operation!
In a new move that reflects its strategic commitment to digital currencies, Strategy Company (formerly known as MicroStrategy and owned by entrepreneur Michael Saylor) completed a major deal to purchase 6,556 units of the digital currency Bitcoin, for a total value of approximately $555.8 million, according to a regulatory disclosure submitted to the U.S. Securities and Exchange Commission on April 21.
The company confirmed that the recent purchase was made using proceeds from the ATM and STRK ATM programs, which are mechanisms that allow the company to offer common and preferred shares directly in the market to raise financing. Strategy Raises Total Holdings to 538,200 Bitcoins
Thanks to the new deal, Strategy's Bitcoin balance has increased to 538,200 units, with a current market value estimated at around $36.47 billion, at an average purchase price of $67,766 per Bitcoin.
The company had executed a previous purchase just one week earlier, between April 7 and 13, where it acquired 3,459 Bitcoins for $285.8 million, reflecting its ongoing approach to enhance its holdings of digital assets despite increasing financial pressures. Massive Debt Pressures Looming Ahead.