Strategy Eyes Fresh Bitcoin Buys With $4.2B Stock Sale After $14B in Q2 Gain

Key Points

1. Strategy launched a $4.2 billion at-the-market (ATM) offering of its Series A Perpetual Stride Preferred Stock (STRD) to fund bitcoin acquisitions and general corporate purposes.

2. The company plans to use net proceeds from the ATM program for bitcoin purchases and working capital, with sales occurring over an extended period.

3. As of June 30, Strategy held 597,325 BTC with an average cost basis of $70,982 per bitcoin, resulting in a $14.05 billion unrealized gain in Q2.

4. The digital asset carrying value reached $64.36 billion by the end of Q2, reflecting significant appreciation in bitcoin holdings.

5. Strategy's capital-raising activities in Q2 included nearly $6.8 billion in net proceeds from equity offerings, supporting its bitcoin acquisition strategy.