Strategy Inc. buys 1,550 Bitcoin after $181 million MSTR stock sale
The company said the June 1-7 purchase cost about $100 million at an average $65,332 per Bitcoin, with the equity raise also increasing cash and supporting liquidity.
BTC
Fact Check
The claim is corroborated by both an official announcement from Strategy's executive chairman Michael Saylor and an independent news report. Both sources confirm the purchase of 1,550 BTC for approximately $101 million during June 1-7, and the secondary source additionally confirms the prior sale of 32 coins.
Summary
Strategy Inc. said it acquired 1,550 Bitcoin for about $100 million between June 1 and June 7 at an average price of $65,332 per coin, funded by $181 million raised through the sale of 1,409,600 MSTR Class A common shares. The company said the financing also increased its cash position, reflecting its ongoing treasury strategy of using stock issuance to expand Bitcoin holdings while preserving liquidity.
Terms & Concepts
- treasury strategy: A company’s approach to managing balance-sheet assets and capital allocation.
- MSTR Class A common shares: The publicly traded common stock issued by Strategy that the company can sell to raise capital.
- net Bitcoin holdings: The total amount of Bitcoin a company holds after accounting for any sales and purchases.