Michael Saylor’s Strategy (formerly MicroStrategy) announced pricing for its Stretch Perpetual Preferred Stock ($STRC) offering on July 25, and just a day after the IPO was announced on July 24, the firm will upsize the number of shares sold to 28,011,111 at a rate of $90.
Strategy expects net proceeds from the sale to garner approximately $2.474 billion, after discounts, commissions, and other expenses. According to a press release, the company intends to reinvest these funds into “general corporate purposes, including the acquisition of bitcoin and for working capital.” This ostensibly indicates another massive Bitcoin buy for Saylor and company, perhaps in excess of $2 billion.
Strategy holds approximately 607,770 Bitcoin, according to data from Bitbo retrieved on July 25. At the current Bitcoin
BTC
$116 700
24h volatility:
1.8%
We współpracy z: https://www.coinspeaker.com/strategy-announces-2-47b-preferred-stock-offering-for-massive-bitcoin-purchase/
