Strategy (MSTR) acquired 2,932 bitcoins for $264.1 million, the bitcoin treasury company disclosed on Monday. To pay for the acquisition, the company sold about 1.57 million shares of common stock for $257.0 million in net proceeds and 70,201 shares of variable rate series A perpetual stretch preferred.
This financing approach shows how corporate treasuries fund crypto acquisitions through equity markets, using stock sales to support digital asset purchases. The move highlights the interplay between traditional capital markets and cryptocurrency treasury management, as the company expands its bitcoin exposure while leveraging equity raises.
The acquisition underscores ongoing institutional interest in bitcoin as part of corporate balance sheet strategies, illustrating a method for treasury management that blends asset accumulation with market financing. The action reflects a trend of institutional players integrating cryptocurrency into treasury strategies, balancing asset accumulation with capital market activities.
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