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Strategy Buys $75 Million Worth of Bitcoin
Bitcoin Magazine Strategy Buys $75 Million Worth of Bitcoin Strategy has acquired an additional 705 Bitcoin for approximately $75 million, further expanding its position as the largest corporate holder of Bitcoin as more public companies continue to adopt Bitcoin treasury strategies. According to a Form 8-K filed with the SEC on June 2, the company purchased the Bitcoin at an average price of $106,495 […] This post Strategy Buys $75 Million Worth of Bitcoin first appeared on Bitcoin Magazine and is written by Vivek Sen.
Bitcoin Magazine
Strategy Buys $75 Million Worth of Bitcoin
Strategy has acquired an additional 705 Bitcoin for approximately $75 million, further expanding its position as the largest corporate holder of Bitcoin as more public companies continue to adopt Bitcoin treasury strategies.
According to a Form 8-K filed with the SEC on June 2, the company purchased the Bitcoin at an average price of $106,495 per coin between May 26 and June 1, bringing its total holdings to 580,955 BTC. The acquisition was funded through Strategy’s at-the-market (ATM) equity offerings of perpetual preferred shares.
BREAKING: 
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