Strategy Inc. Raises $2.03B via ATM Offering, Buys 24,869 Bitcoin
Strategy Inc. raised $2.03 billion via its STRC and MSTR ATM programs, deploying $2.01 billion to acquire 24,869 bitcoin at an average price of $80,985 and boosting its holdings to 843,738 coins. Bitcoin dipped to a two-week low near $76,551 as $600 million in liquidations hit; Strategy retains $51.5 billion in ATM authorization capacity.
1. ATM Offering Execution
Over a six-day period from May 11 to May 17, Strategy Inc. executed its STRC and MSTR at-the-market programs, selling 19.95 million shares through STRC for $1.95 billion net and 430,344 shares through MSTR for $83.7 million net. The rapid capital raise underscores the company’s strategy to leverage public markets for treasury expansion.
2. Bitcoin Acquisition Details
Strategy deployed $2.01 billion of the proceeds to purchase 24,869 bitcoin at an average price of $80,985 per coin. This acquisition increases the company’s total bitcoin holdings to 843,738 coins, reinforcing its position as the largest corporate holder of the cryptocurrency.
3. Treasury Composition and Authorization
Following the latest purchases, Strategy has invested a cumulative $63.87 billion in bitcoin at an all-time average price of $75,700 per coin. The company maintains $51.5 billion of remaining authorization across its ATM programs, including $17.5 billion under STRC and $26.3 billion under MSTR.
4. Market Context and Price Impact
Bitcoin’s price slid to a two-week low near $76,551 as $600 million in liquidations hit, reflecting heightened macro risk. The decline contrasts with Strategy’s average purchase price, creating a potential unrealized gain or loss impact on the company’s digital asset treasury.