Enterprise software firm Strategy, formerly MicroStrategy, significantly expanded its Bitcoin holdings with the acquisition of 4,980 Bitcoins.
The company funded the $531.9 million purchase price through the liquidation of shares under its existing At-The-Market (ATM) equity issuance program.
Strategy sold 1.35 million shares of its Class A common stock (MSTR), raising approximately $519.5 million in capital. As of June 29, the company continues to hold approximately $18.1 billion worth of MSTR shares authorized for future issuance under the ATM program.
The firm also disclosed the sale of 276,071 shares designated as STRK for $28.9 million, retaining $20.5 billion in STRK stock available under the ATM issuance pipeline. Additionally, Strategy sold 284,225 STRF shares, generating $29.7 million, leaving a pipeline valued at $1.9 billion.
This transaction represents Strategy’s latest leveraging of its ATM equity issuance strategy to acquire Bitcoin, reinforcing its commitment to holding Bitcoin as a primary treasury reserve asset.