Strategy Bets Big: $4.2B STRC Offering Targets Massive Bitcoin Purchase
Main Idea
Strategy has launched a $4.2 billion at-the-market (ATM) equity program for its STRC preferred shares to fund aggressive Bitcoin acquisitions, following strong profitability and increased Bitcoin holdings.
Key Points
1. Strategy announced a $4.2 billion ATM equity program for STRC preferred shares to support Bitcoin purchases.
2. The company reported a net income surge to over $2.3 billion in Q2, driven by unrealized gains on Bitcoin holdings.
3. Strategy's Bitcoin holdings totaled 628,212 BTC as of July 29, valued at roughly $69.4 billion, including a recent purchase of 14,620 BTC.
4. The company raised $2.5 billion in its initial STRC stock offering, selling over 28 million shares at $90 each.
5. Strategy's capital markets activity generated over $10.5 billion in gross proceeds in the last four months, including $6.8 billion from stock issuance programs between April and June.
Description
Bitcoin heavyweight Strategy has launched a fresh $4.2 billion at-the-market (ATM) equity program for its STRC preferred shares, deepening its commitment to an aggressive equity-to-Bitcoin acquisition strategy. The filing , submitted to the SEC and announced late Thursday, follows the company’s strongest quarterly performance on record and comes amid a sharp expansion of its Bitcoin treasury. Strategy Announces $4.2 Billion STRC At-The-Market Program https://t.co/4wOYjw8B2u — Michael Saylor (@sa...
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