Strategy resumes Bitcoin purchase, adding $330M in BTC

Share This Post

Strategy added 4,871 Bitcoin for about $330 million in the first week of April, restarting acquisitions after a brief pause and bringing its total stash to approximately $767,000 BTC.

At a Bitcoin price of $69,430, the company’s holdings total approximately $53 billion, with unrealized losses near $5 billion.

ATM activity across two reporting windows

The purchases were funded through proceeds from Strategy’s ongoing at-the-market share program, according to a recent SEC disclosure.

During the final two days of March, the company sold roughly 2.3 million shares of its STRC preferred stock for $227 million and 583,000 MSTR common shares for $72 million, with no Bitcoin purchases in that period.

From April 1 through April 5, Strategy sold more than 1 million STRC shares for about $103 million and 593,000 MSTR shares for $72 million. Combined net proceeds across both periods totaled approximately $474 million, of which $330 million was deployed into Bitcoin.

Under its current ATM programs, Strategy has roughly 27 billion MSTR shares and 22.6 billion STRC shares remaining for issuance. STRK and STRD maintain over 2 billion and 4 billion shares in capacity, respectively, with no sales reported, while STRF preferred stock still has 1.6 billion shares available.

Q1 unrealized loss

For the first quarter, Strategy recorded an unrealized loss on digital assets of $14.5 billion with a $2.4 billion deferred tax benefit, while digital assets are carried at approximately $52 billion with a $1.7 billion deferred tax asset fully reserved. Figures are preliminary and unaudited.

MSTR shares climbed before Monday’s market open, according to Yahoo Finance.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

Related Posts

Keep an eye on XRP, Plasma, DOGE as BTC price drifts: Crypto Daily

As bitcoin BTC$74,381.20 continues to trade sluggishly near $75,000,...

EU Adviser Says MiCA 2 Likely as Crypto Market Matures

A European Commission adviser said the European Union’s landmark...

CLARITY Act Progress: Key Markup Slipping Toward The Final Week Of April Or Mid-May

Trusted Editorial content, reviewed by leading industry experts and...

Morgan Stanley uses 0.14% fee to draw $100 million in first week

Morgan Stanley’s (MS) spot bitcoin exchange-traded fund (ETF), trading...

South Korea to pilot blockchain deposit tokens for government spending in Q4

South Korea’s Ministry of Economy and Finance will begin...