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Strategy Discloses $22M Bitcoin Buy Funded By Common Shares

Strategy purchased $22.1 million in Bitcoin largely funded through common-share sales while reporting $385.5 million in STRC buybacks.

Strategy Discloses $22M Bitcoin Buy Funded By Common Shares
Image: BullishMarketCap

Strategy has disclosed a $22.1 million Bitcoin purchase funded predominantly through common-share sales, according to CryptoNews. The latest acquisition follows a series of weekly filings detailing the company's capital allocation and treasury operations.

Common Stock Funding

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In its Oct. 19 Form 8-K filing, Strategy identified $22 million in proceeds from selling 140,872 MSTR common shares and $100,000 of existing USD cash to fund the purchase. Across two recent reporting periods, common stock supplied approximately 98.6% of the company's combined Bitcoin acquisition spending, totaling 266,055 common shares sold and $43 million in net proceeds.

Company disclosures show that Strategy held 848,517 BTC acquired for $64.02 billion at an average cost of $75,446, including fees and expenses. Across two weeks of tracked disclosures, the company purchased a total of 517 BTC for $43.6 million.

Preferred Securities and Buybacks

Over the same two-week period, Strategy repurchased $385.5 million of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), an amount approximately 8.8 times higher than its Bitcoin spending. The company used $193.1 million of USD cash for STRC repurchases during the Oct. 12–18 period and drew $45.5 million from its USD Reserve for preferred dividends, leaving closing balances of $447.3 million in USD cash and $4.83 billion in the reserve.

Key facts

  • Strategy disclosed a $22.1 million Bitcoin purchase funded largely by common-share sales.
  • The company sold 140,872 MSTR common shares to raise $22 million for its latest acquisition.
  • Total holdings reached 848,517 BTC acquired for $64.02 billion.
  • STRC repurchases totaled $385.5 million over the same two-week window.
$BTC#Bitcoin#Strategy#CryptoNews

Source: crypto.news

This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.

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