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Investing.com -- Strategy (NASDAQ: MSTR), previously known as MicroStrategy, has revealed in a recent SEC filing that it acquired around 7,633 bitcoins for about $742.4 million in cash. The purchase, which took place between February 3 and February 9, 2025, was made at an average price of $97,255 per bitcoin, including fees and expenses. The funds for the acquisition were sourced from the sale of shares under a sales agreement and the STRK Offering.
As of February 9, 2025, Strategy and its subsidiaries collectively owned approximately 478,740 bitcoins. These were bought at a total cost of around $31.1 billion, with an average purchase price of $65,033 per bitcoin, inclusive of fees and expenses.
In the same period, between February 3 and February 9, 2025, Strategy sold a total of 516,413 shares under the Sales Agreement. This resulted in net proceeds of about $179 million for the company, after sales commissions. As of February 9, 2025, there were still about $4.17 billion worth of shares available for issuance and sale under the Sales Agreement.
On February 5, 2025, Strategy completed its previously announced public offering of 7,300,000 shares of its 8.00% Series A Perpetual Strike Preferred Stock, also known as the STRK Offering. The shares were sold at a public offering price of $80.00 each. After accounting for underwriting discounts, commissions, and estimated offering expenses, the company expects the net proceeds from the STRK Offering to be around $563.4 million.
From January 1, 2025, to February 9, 2025, Strategy’s BTC Yield was 4.1%, the company’s BTC Gain was 18,527, and the BTC $ Gain was $1.785 billion. This is based on the market price of one bitcoin on the Coinbase (NASDAQ:COIN) exchange at 4:00 p.m. Eastern Time on February 9, 2025.
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