Strategy Acquires 6,556 Bitcoin for $555.8 Million

Strategy (MSTR) has acquired 6,556 bitcoin for $555.8 million, as reported in a regulatory filing. The purchase was financed through proceeds from its at-the-market stock offerings.

The firm sold 1.76 million shares of Class A common stock and over 91,000 preferred shares between April 14 and April 20.
This generated $547.7 million from common stock sales and $7.8 million from preferred shares.
Strategy's total bitcoin holdings now stand at 538,200 BTC, with an average acquisition price of $67,766 per coin.
To date, the company has invested $36.47 billion in bitcoin.
Shares of MSTR increased by 2.77% in pre-market trading as bitcoin reached $87,300.