Strategy Raises $20.9 Billion Through Share Sales This Year, Fourth-Most Among U.S. Companies

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Strategy, the world’s largest corporate holder of Bitcoin, has raised $20.9 billion through new share issuance in U.S. capital markets this year, ranking fourth among U.S. companies, according to Bitcoin.com and other outlets on Sept. 7.

The company has raised a total of $20.9 billion this year through offerings of common and preferred stock. That ranks behind only SpaceX at $86.3 billion, Alphabet at $25.7 billion and Intel at $23 billion.

Strategy has used a large share of the proceeds from those stock sales to buy Bitcoin. From Aug. 24 to Aug. 30, it sold 4,531,421 common shares and generated net proceeds of $602.8 million. Of that amount, $369.7 million was used to purchase Bitcoin.

The company bought an additional 4,603 Bitcoin during that period at an average price of $80,318. As of Aug. 30, Strategy’s Bitcoin holdings had risen to 845,050. Its cumulative purchase cost stood at about $63.73 billion, with an average acquisition price of $75,412.