Michael Saylor’s Strategy Raises $2.5 Billion and Acquires 34,164 Bitcoin
Michael Saylor’s company, Strategy (NASDAQ: MSTR), raised $2.54 billion through its at-the-market program and used the proceeds to purchase 34,164 bitcoin at an average price of $74,395 per coin. The company now holds 815,061 bitcoin with an aggregate purchase price of $61.56 billion. The acquisition was funded using proceeds from the ATM sales, and the company still has significant remaining capacity for further stock issuance.
Tickers: $MSTR
Topics: Bitcoin Blockchain Capital Raising Corporate Finance Investment Strategy