Strategy, Metaplanet, BitMine Continue BTC, ETH Purchases: Here’s How Much They Bought
Corporate crypto treasuries expanded significantly last week as Strategy Inc. (NASDAQ:MSTR), Metaplanet Inc. (OTC:MTPLF), and BitMine Immersion Technologies (NYSE:BMNR) all reported fresh purchases of Bitcoin (CRYPTO: BTC) or Ethereum (CRYPTO: ETH).
In its Form 8-K filed with the U.S. Securities and Exchange Commission on Aug. 25, Strategy Inc. disclosed the acquisition of 3,081 Bitcoin the prior week.
The total purchase cost was $356.9 million, at an average price of $115,829 per Bitcoin, inclusive of fees and expenses.
The company funded the acquisition through its ongoing at-the-market equity offering programs, which include issuances of both common and preferred stock.
During the same reporting period, Strategy sold approximately $357 million worth of stock across its Class A common shares (MSTR), 8% Series A Perpetual Strike Preferred (STRK), and 10% Series …
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