In one of the most aggressive corporate treasury maneuvers of the year,
Strategy Inc. (NASDAQ:MSTR) successfully raised $2.03 billion through targeted share sales last week, immediately deploying the capital to purchase an additional 24,869 bitcoins.
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This massive capital raise was executed during a six-day marathon spanning from May 11 to May 17. Strategy leveraged multi-tiered At-The-Market (ATM) equity offering programs to access public markets through two primary channels. Under the STRC program, the company sold 19.95 million shares, generating net proceeds of $1.95 billion. Additionally, 430,344 shares were sold through the MSTR program, yielding $83.7 million.
Strategy allocated $2.01 billion to purchase bitcoin at an average price of $80,985 per coin. As of May 17, the company holds 843,738 bitcoins in its treasury.
The company's aggregate investment in bitcoin totals $63.87 billion, with an all-time average purchase price of $75,700 per coin.
Under its ATM equity offering programs, Strategy retains $51.5 billion in unused capacity. An additional $26.3 billion remains available under the MSTR program, and $17.5 billion under STRC. The remaining balances for the STRD, STRK, and STRF programs stand at $4.0 billion, $2.1 billion, and $1.6 billion, respectively....