Strategy (MSTR), the largest corporate owner of Bitcoin (BTC), said Tuesday that it has acquired approximately $ 2.4 billion in BTC using the funds of its new issuance of preferred shares (STRC).
The firm sold almost $ 2.5 billion in STRC, also called “stretching”, significantly more than the originally planned $ 500 million.
Strc, whose objective is to deliver a regular dividend to investors initially established at a rate of 9%, will begin to quote Wednesday in Nasdaq.
With the income, the company bought 21,021 BTC at an average price of $ 117,256, according to a press release. That takes the Bitcoin strategy holdings at 628,791 BTC, for a value of almost $ 74 billion at current prices.
Read more: Michael Saylor is bringing a market -style vehicle backed by Bitcoin to Wall Street: Nydig
