Strategy Announces $1.4 Billion Bitcoin Purchase
WikiBit 2025-04-28 22:39
Business intelligence firm Strategy has purchased an additional $1.4 billion worth of Bitcoin, according to a Monday announcement. This marks one of the
Meanwhile, Blockstream CEO Adam Back recently said that it was “staggering” that more companies are not moving to adopt Strategys playbook.
The shares of Strategy are up by 1.4% in premarket trading after adding more than 5% on Friday. The company is up 23% on a year-to-date basis.
Whats next？
According to Vetle Lunde of K33 Research, only $122 million is left from Strategys $21 billion at-the-money offering (ATM).
The ATM offering, which was originally expected to run until the end of 2027, has run its course in just six months.
It remains to be seen whether Strategy has a new “giga ATM announcement” in the pipeline ahead of its earnings.
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