Strategy acquires $110.2M worth of Bitcoin
Strategy has added 1,045 Bitcoin to its holdings at a price of $110.2 million, now reaching a total of 582,000 BTC, valued around $40.79 billion. The purchase, executed at an average price of $105,426 per Bitcoin, is part of Strategy's ongoing accumulation efforts and marks the ninth consecutive week of acquisitions. As Bitcoin nears its all-time high, trading at approximately $107,640, the company aims to capitalize on market conditions. Additionally, through a recent stock offering, Strategy plans to raise around $979 million by issuing shares of Series A Preferred Stock, which includes non-cumulative dividends of 10%, targeting institutional investors. The funds will be directed toward future Bitcoin purchases and corporate expenses, reflecting Strategy's aggressive investment strategy in a rapidly evolving cryptocurrency market.
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