$BTC | 🔥 Strategy makes history with the largest corporate Bitcoin purchase |
Strategy (formerly MicroStrategy) completed a massive initial public offering this week, raising an impressive $2.521 billion by issuing over 28 million STRC preferred shares at $90 each. With the funds, the company went straight to the point: it purchased 21,021 bitcoins at an average price of $117,256, raising its total to 628,791 #BTC , the largest corporate Bitcoin treasury in the world!
Traded under multiple tickers on Nasdaq, including the newly launched STRC, Strategy reinforces its positioning as a pioneer in the thesis of Bitcoin as a strategic reserve asset. The move was driven by Wall Street giants such as Morgan Stanley, Barclays, and Moelis & Co. and shows that institutional appetite for BTC is more alive than ever.
With an average total cost of $73,227 per bitcoin, the company has already invested around $46.8 billion in BTC. And now, with monthly dividends and premium listing, STRC enters the scene as a new way to gain exposure to the crypto market through fixed income.
🚀 The question now is: who will be the next to follow the movement?