Add as a preferred source on GoogleStrategy Adds 267 Bitcoin, Lifting Total Holdings to 848,517 BTC
The roughly $22.1 million purchase was funded mainly by common stock sales. Strategy also repurchased about $193 million in STRC preferred shares.
Strategy Inc. added 267 Bitcoin (BTC) from Oct. 12 through Oct. 18, lifting its holdings to 848,517 BTC as the company continued building its treasury through common stock sales.
The purchase cost about $22.1 million. Strategy raised about $22 million in net proceeds by selling MSTR common shares through its at-the-market program.
As of Oct. 18, Strategy’s total Bitcoin holdings had cost about $64.02 billion.
Strategy also disclosed repurchases of about $193 million of STRC preferred stock.
Strategy increased its digital credit securities repurchase authorization from $2 billion to $3 billion.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.