The company, which trades on Nasdaq under the ticker MSTR, disclosed today that it purchased 17,994 Bitcoin between March 2 and March 8 at an average price of $70,946 per coin.

The acquisition brings Strategy's total holdings to 738,731 Bitcoin, accumulated at an aggregate cost of $56 billion and an average purchase price of $75,862.

Strategy funded the latest purchase through its at-the-market offering program, selling 6,3 million shares of Class A common stock for net proceeds of approximately $900 million and 3,7 million shares of its variable-rate Stretch preferred stock (STRC) for $377 million.

The combined $1.3B in equity issuance represents one of the company's more active weeks of capital raisings in recent months.

The firm still retains major capacity under its ATM program. Strategy has $6.7 billion available for additional MSTR share sales, $20.3 billion for its Strike preferred stock (STRK), and $3.2 billion for the Stretch preferred series.

Strategy also amended its Omnibus Sales Agreement with its syndicate of underwriters, which includes TD Securities, Barclays Capital, Morgan Stanley, and more than a dozen other financial institutions.

The revised terms allow the company to appoint a second sales agent for any single class of security during pre-market and after-hours trading sessions. The change provides greater flexibility for large-volume transactions outside of regular trading hours.
source: https://www.tradingview.com/news/cryptobriefing:bb4d6d973094b:0-strategy-buys-17-994-bitcoin-for-1-3b/