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Strategy Inc (NASDAQ:MSTR) reported Monday an update on its recent at-the-market (ATM) offerings and bitcoin acquisitions, according to a press release statement based on a filing with the Securities and Exchange Commission.
Between November 10 and November 16, the company sold 39,957 shares of its 10.00% Series A Perpetual Strife Preferred Stock (NASDAQ:STRF), generating a notional value of $4.0 million and net proceeds of $4.4 million. During the same period, 1,313,641 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) were sold, with a notional value of $131.4 million and net proceeds of $131.2 million. In addition, 5,513 shares of 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK) were sold, resulting in a notional value of $0.6 million and net proceeds of $0.5 million.
As of November 16, the company reported the following amounts available for issuance and sale under its ATM program: $1.64 billion for STRF, $4.04 billion for STRC, $20.34 billion for STRK, $4.13 billion for STRD (10.00% Series A Perpetual Stride Preferred Stock, NASDAQ:STRD), and $15.85 billion for its Class A common stock (NASDAQ:MSTR).
The company also provided an update on its previously announced public offering of 7,750,000 shares of 10.00% Series A Perpetual Stream Preferred Stock ("STRE") at a public offering price of €80.00 per share, completed November 13. Gross proceeds from the STRE offering were approximately €620.0 million ($716.8 million), and net proceeds were about €608.8 million ($703.9 million), after deducting underwriting discounts, commissions, and estimated offering expenses. The U.S. dollar amounts were calculated using an exchange rate of €1.00 to $1.1561.
Strategy Inc also disclosed that, during the week ending November 16, it acquired 8,178 bitcoin for an aggregate purchase price of $835.6 million, at an average price of $102,171 per bitcoin, using proceeds from its recent stock sales and the STRE offering. As of November 16, the company’s aggregate bitcoin holdings totaled 649,870 bitcoin, acquired at a total purchase price of $48.37 billion, with an average purchase price of $74,433 per bitcoin.
All information is based on a press release statement included in the company’s SEC filing.
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