PiCK
Strategy Raises $20.9 Billion Through Share Sales This Year, Fourth-Most Among US Companies
Summary
- Strategy said it issued $20.9 billion of new shares in US capital markets this year, the fourth-largest total among all American companies.
- Strategy said it generated $602.8 million in net proceeds from the sale of 4,531,421 common shares and used $369.7 million of that amount to buy Bitcoin.
- Strategy said it bought an additional 4,603 Bitcoin, bringing its total holdings to 845,050 coins, with cumulative purchases of about $63.73 billion at an average price of $75,412.
Forecast Trend Report by Period
Strategy, the world's largest corporate holder of Bitcoin, has raised $20.9 billion by issuing new shares in US capital markets this year, the fourth-largest total among all US companies.
Bitcoin.com and other outlets reported on Sept. 7 that Strategy has raised a combined $20.9 billion this year through offerings of common and preferred stock. That ranks behind only SpaceX at $86.3 billion, Alphabet at $25.7 billion and Intel at $23.0 billion.
Strategy has used much of the money raised from share sales to buy Bitcoin. From Aug. 24 through Aug. 30, the company sold 4,531,421 common shares and generated net proceeds of $602.8 million. Of that amount, it spent $369.7 million on Bitcoin purchases.
The company bought an additional 4,603 Bitcoin during that period at an average price of $80,318 per coin. As of Aug. 30, Strategy's total Bitcoin holdings had increased to 845,050 coins. Its cumulative Bitcoin purchases total about $63.73 billion, with an average purchase price of $75,412.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.