Breaking
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Summary
- As bitcoin plunged in the wake of US and Israeli airstrikes on Iran, US-listed companies that have adopted a Digital Asset Treasury (DAT) strategy said they were instead buying additional bitcoin.
- Strategy (formerly MicroStrategy), led by Michael Saylor, said it raised $900 million over six weeks through sales of common stock and perpetual preferred stock to buy an additional 3,015 bitcoins, and that it now holds more than about 720,000.
- ProCap Financial, led by Anthony Pompliano, also bought an additional 450 bitcoins over the same period, lifting its holdings to 5,457, and said it is also conducting share buybacks at levels discounted to net asset value (NAV).
Photo = Shutterstock
As bitcoin tumbled in the fallout from US and Israeli airstrikes on Iran, it has emerged that US-listed companies adopting a “Digital Asset Treasury (DAT)” strategy were instead buying additional bitcoin.
According to a filing with the US Securities and Exchange Commission (SEC) on the 2nd (local time), Strategy (formerly MicroStrategy), led by Executive Chairman Michael Saylor, bought an additional 3,015 bitcoins between the 23rd of last month and the 1st of this month. The purchase was funded with proceeds raised from the sale of common and preferred stock.
Over the past six weeks, Strategy has raised more than $900 million through sales of common stock and perpetual preferred stock and used the funds to buy bitcoin. The company currently holds more than about 720,000 bitcoins.
ProCap Financial, led by Anthony Pompliano—known as a “bitcoin evangelist”—also bought an additional 450 bitcoins over the same period, bringing its total holdings to 5,457. The company has recently been pursuing measures to enhance shareholder value in parallel, including share buybacks at levels discounted to net asset value (NAV). Photo = Shutterstock
As bitcoin tumbled in the fallout from US and Israeli airstrikes on Iran, it has emerged that US-listed companies adopting a “Digital Asset Treasury (DAT)” strategy were instead buying additional bitcoin.
According to a filing with the US Securities and Exchange Commission (SEC) on the 2nd (local time), Strategy (formerly MicroStrategy), led by Executive Chairman Michael Saylor, bought an additional 3,015 bitcoins between the 23rd of last month and the 1st of this month. The purchase was funded with proceeds raised from the sale of common and preferred stock.
Over the past six weeks, Strategy has raised more than $900 million through sales of common stock and perpetual preferred stock and used the funds to buy bitcoin. The company currently holds more than about 720,000 bitcoins.
ProCap Financial, led by Anthony Pompliano—known as a “bitcoin evangelist”—also bought an additional 450 bitcoins over the same period, bringing its total holdings to 5,457. The company has recently been pursuing measures to enhance shareholder value in parallel, including share buybacks at levels discounted to net asset value (NAV). Photo = Shutterstock
As bitcoin tumbled in the fallout from US and Israeli airstrikes on Iran, it has emerged that US-listed companies adopting a “Digital Asset Treasury (DAT)” strategy were instead buying additional bitcoin.
According to a filing with the US Securities and Exchange Commission (SEC) on the 2nd (local time), Strategy (formerly MicroStrategy), led by Executive Chairman Michael Saylor, bought an additional 3,015 bitcoins between the 23rd of last month and the 1st of this month. The purchase was funded with proceeds raised from the sale of common and preferred stock.
Over the past six weeks, Strategy has raised more than $900 million through sales of common stock and perpetual preferred stock and used the funds to buy bitcoin. The company currently holds more than about 720,000 bitcoins.
ProCap Financial, led by Anthony Pompliano—known as a “bitcoin evangelist”—also bought an additional 450 bitcoins over the same period, bringing its total holdings to 5,457. The company has recently been pursuing measures to enhance shareholder value in parallel, including share buybacks at levels discounted to net asset value (NAV). Photo = Shutterstock
As bitcoin tumbled in the fallout from US and Israeli airstrikes on Iran, it has emerged that US-listed companies adopting a “Digital Asset Treasury (DAT)” strategy were instead buying additional bitcoin.
According to a filing with the US Securities and Exchange Commission (SEC) on the 2nd (local time), Strategy (formerly MicroStrategy), led by Executive Chairman Michael Saylor, bought an additional 3,015 bitcoins between the 23rd of last month and the 1st of this month. The purchase was funded with proceeds raised from the sale of common and preferred stock.
Over the past six weeks, Strategy has raised more than $900 million through sales of common stock and perpetual preferred stock and used the funds to buy bitcoin. The company currently holds more than about 720,000 bitcoins.
ProCap Financial, led by Anthony Pompliano—known as a “bitcoin evangelist”—also bought an additional 450 bitcoins over the same period, bringing its total holdings to 5,457. The company has recently been pursuing measures to enhance shareholder value in parallel, including share buybacks at levels discounted to net asset value (NAV). Photo = Shutterstock
As bitcoin tumbled in the fallout from US and Israeli airstrikes on Iran, it has emerged that US-listed companies adopting a “Digital Asset Treasury (DAT)” strategy were instead buying additional bitcoin.
According to a filing with the US Securities and Exchange Commission (SEC) on the 2nd (local time), Strategy (formerly MicroStrategy), led by Executive Chairman Michael Saylor, bought an additional 3,015 bitcoins between the 23rd of last month and the 1st of this month. The purchase was funded with proceeds raised from the sale of common and preferred stock.
Over the past six weeks, Strategy has raised more than $900 million through sales of common stock and perpetual preferred stock and used the funds to buy bitcoin. The company currently holds more than about 720,000 bitcoins.
ProCap Financial, led by Anthony Pompliano—known as a “bitcoin evangelist”—also bought an additional 450 bitcoins over the same period, bringing its total holdings to 5,457. The company has recently been pursuing measures to enhance shareholder value in parallel, including share buybacks at levels discounted to net asset value (NAV).
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