The ATM Funding Shift

An SEC filing shows that Strategy funded the purchases entirely through the sale of common shares via its at-the-market equity offering program.

This marks a departure from recent purchases, as the company primarily financed those using proceeds from variable-rate preferred stock STRC.

Strategy now holds 818,334 BTC acquired for a cumulative $61.81 billion at an average cost basis of $75,537 per Bitcoin. 

Moreover, the company has bought Bitcoin every week in April, totalling over $6.4 billion in purchases this month alone.

Saylor Teased The Buy

Michael Saylor hinted at the purchase over the weekend. On Sunday, April 26, Saylor posted on X with the message “The ₿eat…

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