Strategy Buys $330 Million of Bitcoin, Funds via $227M Preferred and $72M Common
Strategy acquired 4,871 BTC for $330 million at an average price of $67,718, funding the purchase with $227.3 million of preferred and $72 million of common stock sales. The firm now holds 766,970 BTC at a $75,644 cost basis, representing roughly an $5 billion unrealized deficit.
1. Recent Bitcoin Purchases
Strategy resumed bitcoin accumulation between April 1 and April 5, acquiring 4,871 BTC at an average price of $67,718 and spending a total of $329.9 million on the purchases.
2. Financing Through Equity Sales
The latest acquisitions were funded by $227.3 million of net proceeds from variable-rate Series A perpetual preferred stock sales and $72 million from class A common stock issuances.
3. Balance Sheet and Unrealized Losses
The company now holds 766,970 BTC with a $75,644 average cost basis; at current prices near $69,000, the position carries about a $5 billion unrealized deficit and a $14.46 billion mark-to-market loss partially offset by a $2.42 billion deferred tax benefit.