Strategy’s STRC Raises Enough Capital to Buy Another $1.76B in Bitcoin
Highlights
- Michael Saylor's Strategy could buy more Bitcoin this week.
- The company's STRC ATM facility has attracted over $1.76 billion liquidity this week.
- These funds can be used to buy another 23,934 BTC.
Michael Saylor’s Strategy might be gearing up for another round of Bitcoin acquisitions. Market data reveals that Strategy’s Strech STRC ATM facility has attracted a liquidity of over $1.76 billion in the current week.
Strategy’s STRC Bags Enough Funds to Buy 23,934 BTC
According to STRC ATM tracker on Bitcoin Quant, the fund is estimated to have bought 23,934 BTC this week. If realized, it would boost the Strategy Bitcoin treasury reserve to a whopping 804,831 BTC.
However, the company is yet offer an official disclosure on the purchase. The above-mentioned figure is just an estimated amount ascertained via crypto tools tracking.
On Tuesday, after the market closed, Saylor spotlighted that STRC raked in over $1.56 billion in liquidity and closed at par at $100. Moreover, it had earlier snapped up $278 million liquidity on Monday.
Together, the week’s proceeds exceed $1.7 billion. The Bitcoin treasury firm could use for its future BTC purchases, per previous official statements.
Amid this feat, the MSTR stock gained substantially in the pre-market trading session. As of writing, Strategy stock price was up 1.28% to $139.17 on Wednesday, April 15. Earlier, the MSTR stock gained 3.82% and closed at $137.41 on Tuesday.
Inside the Recent $1 Billion BTC Purchase
As CoinGape reported previously, Saylor’s Strategy acquired 13,927 for nearly $1 billion on Monday, April 15. The purchase was made at an average price of $71,902 per BTC.
According to official records, the company boasts a stash of 780,897 BTC worth $59 billion currently. This reserve was acquired at $75,577 per BTC and has achieved a yield of 5.6% year-to-date.
The company has continued its BTC buying spree since the first week of April after a pause in March’s last week. In this month, it has acquired over $1.3 billion worth of BTC via STRC funding.
Moreover, as the BTC price recovered above $74,000, very close to Strategy’s strike price, its Bitcoin reserve could soon turn profitable, which is currently in losses. To support this momentum, Saylor wrote on X, today, “Millions of possibilities. One solution. $BTC.”
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