Nasdaq-listed Bitcoin-centric firm Strategy announced today that it purchased 1,587 Bitcoin between June 8 and June 14, investing approximately $100 million in the crypto asset. Following the acquisition, its total Bitcoin holdings have increased to 846,842 BTC, valued at roughly $56 billion.
The Virginia-based company raised capital through its ATM stock issuance program to finance the latest purchase. Last week, it raised $209 million in net proceeds via common stock issuance and used part of the proceeds to acquire 1,587 BTC, according to a SEC filing.
This is a developing story.
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