Eos Energy stock falls after Fuzzy Panda issues short report
Strategy Inc (NASDAQ:MSTR) on Monday reported updates regarding its at-the-market (ATM) offering programs and bitcoin holdings, according to a press release statement and SEC filing.
Between October 20 and October 26, the company sold 175,634 shares of its 10.00% Series A Perpetual Strife Preferred Stock (NASDAQ:STRF) for a notional value of $17.6 million, resulting in net proceeds of $19.4 million after commissions. As of October 26, $1.67 billion remains available for issuance and sale under this ATM program.
During the same period, the company did not sell any shares under its Variable Rate Series A Perpetual Stretch Preferred Stock (NASDAQ:STRC) ATM program, with $4.2 billion still available for issuance. For its 8.00% Series A Perpetual Strike Preferred Stock (NASDAQ:STRK), Strategy Inc sold 191,404 shares, generating a notional value of $19.1 million and net proceeds of $17.0 million. The available amount for future issuance under this program is $20.35 billion. The company also sold 87,462 shares of its 10.00% Series A Perpetual Stride Preferred Stock (NASDAQ:STRD), raising a notional value of $8.7 million and net proceeds of $7.0 million, with $4.14 billion remaining for issuance.
No shares were sold under the company’s Class A common stock (NASDAQ:MSTR) ATM program during the reported period, with $15.91 billion available for future issuance.
Strategy Inc also provided an update on its bitcoin holdings. Between October 20 and October 26, the company acquired 390 bitcoins at an aggregate purchase price of $43.4 million, or an average price of $111,117 per bitcoin inclusive of fees and expenses. As of October 26, the company holds a total of 640,808 bitcoins, with an aggregate purchase price of $47.44 billion and an average purchase price of $74,032 per bitcoin.
All information is based on a press release statement and the company’s Form 8-K filed with the Securities and Exchange Commission.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.