Strategy’s BTC Purchases Last Week Were Funded by Stock Sales
According to Jinse Finance, the funds for Strategy's recent acquisition of 4,980 Bitcoins (totaling $531.9 million) came from the at-the-market (ATM) sales of its Class A common stock MSTR, convertible preferred stock STRK, and perpetual Strife preferred stock STRF. The company stated that as of June 29, there is still $1.81 billion worth of MSTR stock available for issuance and sale under this plan. Strategy also sold 276,071 shares of STRK stock for approximately $28.9 million, with $2.05 billion worth of STRK stock remaining available for issuance and sale under the plan. Meanwhile, the company sold 284,225 shares of STRF stock for $29.7 million, leaving a remaining quota of $190 million under this plan.
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