Strategy Inc. (MSTR) Acquires 13,627 BTC after $1.13B Balance Sheet Boost

Strategy Inc. (NASDAQ:MSTR) is one of the best cryptocurrency and blockchain stocks to buy now. On January 12, Strategy Inc. (NASDAQ:MSTR) generated $1.13 billion in net proceeds from the sale of 6.8 million shares of Class A common stock.

The company sold 1.2 million shares of Variable Rate Series A perpetual stretch preferred shares for $119.1 million in net proceeds. It also had $10.3 billion in additional common stock issuance under the ATM program.

Following the sale, the company purchased 13,627 Bitcoin at an average price of $91,519 per coin. The transaction cost the company $1.25 billion, inclusive of fees and expenses. Following the purchase, the company’s total Bitcoin holdings have increased to 687,410 coins.

The purchase came just days after a Clear Street analyst reiterated a Buy rating on the stock but cut the price target to $268 from $443. Despite the price target cut, the research firm maintains a long-term bullish view of Bitcoin and believes the strategy is well-positioned to compound shareholder returns. That’s because the company is well differentiated and is a compelling vehicle for leveraged Bitcoin exposure.

Strategy Inc. (NASDAQ:MSTR) is a leading provider of AI-powered enterprise analytics software for businesses and acts as a Bitcoin treasury company. It acquires and holds significant amounts of Bitcoin, offering investors exposure to the cryptocurrency through its stock and other securities.

While we acknowledge the potential of MSTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.