#SaylorBTCPurchase Michael Saylor, Chief Executive Officer of Strategy
Strategy purchases $555 million in Bitcoin and increases its total stock to 538,200 BTC
The company has spent $36.47 billion on bitcoin to date and remains the largest corporate holder of BTC.
The purchase was financed with proceeds from the company's two at-the-market (ATM) stock offering programs, as noted in the documents.
The firm, the largest corporate shareholder of bitcoin, sold 1.76 million shares of its Class A common stock and over 91,000 shares of a series of preferred stock (STRK) between April 14 and April 20.
The sale of common stock generated $547.7 million, while the preferred stock added an additional $7.8 million. This latest acquisition raises Strategy's total holdings to 538,200 BTC, acquired at an average price of $67,766 per coin.
The company led by Michael Saylor has invested $36.470 billion in bitcoin to date. MSTR shares rose 2.77% in pre-market trading