Strategy (Nasdaq: MSTR) acquired 10,624 bitcoin for approximately $962.7 million in cash between December 1 and December 7, according to a regulatory filing Monday.
The purchase brings the company’s total bitcoin holdings to 660,624. The average purchase price per bitcoin for the company’s total holdings is approximately $74,696.
The company paid an average price of $90,615 per bitcoin, which was funded through the sale of the company’s Class A common stock and Series A Perpetual Stride Preferred Stock under its at-the-market equity offering programs.
Strategy raised total net proceeds of $963.0 million from the equity sales during the reported period.
Some 96% of total capital raised during the week came from the sale of common stock. The company sold 5,127,684 shares of Class A Common Stock to generate $928.1 million in net proceeds.
The remaining 4% of proceeds came from the sale of preferred equity. Strategy sold 442,536 shares of its 10.00% Series A Perpetual Stride Preferred Stock (Nasdaq: STRD). These sales generated $34.9 million in net proceeds. The weighted average purchase price for the bitcoin acquired using these combined proceeds was $90,615.
The company maintains significant remaining capacity under its equity offering agreements to fund future acquisitions or corporate purposes. As of December 7, the company had approximately $13.45 billion available for issuance and sale under its Class A Common Stock program.
The filing also detailed the remaining availability across its various preferred stock lines.
The company has $20.34 billion available under its 8.00% Series A Perpetual Strike Preferred Stock (Nasdaq: STRK) program. Additionally, $4.10 billion remains available for the Stride Preferred Stock (Nasdaq: STRD), $4.04 billion for the Variable Rate Series A Perpetual Stretch Preferred Stock (Nasdaq: STRC), and $1.64 billion for the 10.00% Series A Perpetual Strife Preferred Stock (Nasdaq: STRF).
Shares of Strategy closed at $178.99. The stock has declined 25.07% month-to-date and is down 40.34% year-to-date. At the time of the disclosure, the company traded at a premium to its net asset value, with a multiple of 1.13x mNAV.
