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).
14 days agoBreaking
