Just-In: MSTR Stock Rises As Strategy Raises $82M Via ATM Stock Offering
Highlights
- Michael Saylor's Strategy stock gained nearly 2% in the intraday trading session today.
- The gains follow the disclosure of $82 million in proceeds via the MSTR stock ATM offering.
- However, despite the significant raise, the company chose not to buy BTC last week.
The Strategy Inc. (NASDAQ: MSTR) stock moved higher on Monday after the company disclosed $82 million fresh capital raised through its at-the-market (ATM) equity program. However, despite the raise it has temporarily paused Bitcoin accumulation.
Strategy Raises $82M Capital From ATM Offering But Pauses Bitcoin Buying
According to the latest filing, the firm secured $82 million by issuing common stock under its ongoing MSTR stock ATM offering. According to prevailing market prices, that amount could have funded the purchase of roughly 1,060 Bitcoin.
Nonetheless, the company opted not to deploy the proceeds into BTC last week. Market sentiment appeared mixed after Executive Chairman Michael Saylor publicly confirmed the pause.
In a post on X, Saylor plainly said that there were “no buys this week.” It marked a break after four consecutive weeks of accumulation.
His widely followed “Orange Dots” chart, which generally hints at new purchases, accompanied the update albeit in a different way. Still, Saylor reaffirmed the company’s Bitcoin buying strategy as he teased further acquisitions in the coming week.
MSTR Stock Gains Today
Despite the pause, institutional interest in the stock remains evident. The $200 billion Texas State Teachers Retirement Fund reported holding 80,281 shares of MSTR stock. The acquisition is valued at approximately $14.4 million, which offers indirect exposure to BTC.
Trading data shows the MSTR stock gaining on the day. At press time, the MSTR share price was at $180.45, up 1.85%. The stock opened at $181.12, reached a high of $182.82.
It then dipped to a low of $180.01, but still higher compared to the previous close of $177.17. Meanwhile, the 52-week range for MSTR stock spans from $104.17 to $457.22.
The company’s Bitcoin holdings remain substantial, totaling 818,334 BTC, per crypto tools data. This reserve was acquired at an average cost of $75,537 per coin.
Its most recent purchase prior to the pause involved 3,273 BTC worth $255 million at an average price of $77,906. That transaction itself reflected a slowdown with a 90% sharp reduction from the $2.54 billion BTC buy announced on April 20.
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