2 weeks ago
5
Key Takeaways
- Strategy paid $75.7 million for 950 BTC.
- The purchase used cash, not weekly ATM proceeds.
- Holdings increased by only about 0.1%.
- STRC buybacks exceeded spending on Bitcoin.
Strategy buys 950 BTC without using its ATM programs
Strategy acquired 950 BTC between September 14 and September 20 at an average price of $79,670 per coin, including fees and expenses, according to its September 21 filing with the US Securities and Exchange Commission.
The filing identifies “USD Cash” as the source of the $75.7 million purchase. It does not connect the acquisition to a stock or debt sale completed during the same reporting period.
Strategy also reported no sales through its at-the-market, or ATM, programs that week. These programs allow the company to sell common or preferred shares gradually at prevailing market prices. In this case, Strategy added Bitcoin without recording fresh ATM proceeds alon...
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