✉news BusinessCrypto first seen 11 d ago, last 11 d ago, peak #10
Strategy buys $65.5M of bitcoin in weekly disclosure
Original: Strategy buys $65.5M of bitcoin, $208M of Stretch shares, sells $164M of common stock (MSTR:NASDAQ)
Strategy, the bitcoin-focused software company formerly known as MicroStrategy, disclosed a weekly purchase of $65.5 million in bitcoin alongside a $208 million acquisition of shares in Stretch and the sale of $164 million of its own common stock. The filing gives investors a fresh look at the firm's ongoing capital-raising and treasury strategy.
Why now: Investors are tracking Strategy's continuing bitcoin purchases and its use of equity sales to fund them.
StrategyMicroStrategybitcoinStretch
Evidence
- Strategy buys $65.5M of bitcoin, $208M of Stretch shares, sells $164M of common stock (MSTR:NASDAQ) · Seeking Alpha
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