Strategy (MSTR) disclosed that it sold 875,301 shares of its MSTR Class A common stock through its at-the-market offering program between August 18 and August 24, generating net proceeds of $309.9 million and leaving $16.73 billion available for future issuance.
Over the same period, Strategy sold 210,100 STRK shares for $20.4 million of net proceeds (leaving $20.41 billion available), 237,336 STRF shares for $26.6 million (leaving $1.82 billion available), and 944 STRD shares for $0.1 million (leaving $4.17 billion); no STRC shares were sold, leaving $4.2 billion of capacity in that ATM.
Last week’s Form 8-K disclosed that on August 18 the company amended its ATM guidance, adding a third exception that allows issuance below 2.5x mNAV if deemed “advantageous to the company.”
That update followed Strategy’s July 31 earnings-call commitment to issue MSTR shares only at an mNAV above 2.5x or to fund preferred obligations (Strategy’s dashboard currently shows an mNAV of 1.65x). Since October 2024, the company has raised nearly $25.3 billion via MSTR ATM offerings.
On August 25, Strategy announced that it acquired 3,081 BTC for $356.9 million at an average price of $115,829 per bitcoin, bringing total holdings to 632,457 bitcoin with an aggregate purchase cost of $46.5 billion at an average price of $73,527 per bitcoin.
Read More: Breaking down Metaplanet’s play-by-play imitation of Strategy
At time of publication, MSTR is down 4.4% during pre-market hours.
