Jun 22
Strategy Sells $335.5 Million MSTR Shares and Adds 520 BTC at $67,068 Average Price
Strategy’s 8-K shows it sold 2.71 million MSTR shares via its ATM program for $335.5 million, using part of the proceeds to buy 520 BTC at a $67,068 average price.
➤ MicroStrategy (MSTR) sold $335.5 million worth of its shares through an at-the-market program. ➤ The company used a portion of the proceeds to acquire 520 Bitcoin at an average price of $67,068. ➤ This move reinforces MicroStrategy's strategy of using equity offerings to expand its Bitcoin treasury holdings, now totaling 847,363 BTC.