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Strategy Inc (NASDAQ:MSTR) on Monday provided an update on its at-the-market (ATM) offering programs and bitcoin holdings, according to a press release statement filed with the SEC.
Between October 27 and November 2, the company sold 76,017 shares of its 10.00% Series A Perpetual Strife Preferred Stock (NASDAQ:STRF) for a notional value of $7.6 million, resulting in net proceeds of $8.4 million. As of November 2, $1.66 billion of this series remained available for issuance and sale.
During the same period, Strategy sold 49,374 shares of its 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK) for a notional value of $4.9 million, with net proceeds of $4.4 million. For its 10.00% Series A Perpetual Stride Preferred Stock (NASDAQ:STRD), the company sold 29,065 shares, generating a notional value of $2.9 million and net proceeds of $2.3 million. No sales were reported for the Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) ATM program during the period.
Strategy also reported sales of 183,501 shares of its Class A common stock (NASDAQ:MSTR) under its ATM program, resulting in net proceeds of $54.4 million as of November 2. The company noted that $15.85 billion of its Class A common stock remains available for issuance and sale under the program.
In a bitcoin update, Strategy disclosed that it acquired 397 bitcoins during the same week for an aggregate purchase price of $45.6 million, reflecting an average purchase price of approximately $114,771 per bitcoin, inclusive of fees and expenses. As of November 2, the company held a total of 641,205 bitcoins, acquired at an aggregate purchase price of $47.49 billion and an average purchase price of approximately $74,057 per bitcoin.
The company stated that the bitcoin purchases were funded using proceeds from its various ATM programs. This information is based on a press release statement included in a recent SEC filing.
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