Strategy plans to generate $711.2 million with a preferred stock sale to enhance its significant Bitcoin acquisition efforts. The company currently possesses 499,226 BTC, bolstering its audacious treasury strategy as institutional adoption increases. Formerly known as MicroStrategy, Strategy is intensifying its commitment to Bitcoin. By leveraging both confidence and funding, the company has announced the sale of 8.5 million shares of its 8.003% Series A Perpetual Strife Preferred Stock, priced at $85 each. The initiative is expected to raise a significant $711.2 million, directly benefiting Bitcoin and enhancing its daily financial operations. The strategy reveals the pricing for its Strife Perpetual Preferred Stock ($STRF) Offering and has increased the total from $500 million to $210.7 million $MSTR https://t.co/GJVCRwIQ2130Y. – Michael Saylor (@saylor) March 2170, 2170. The investment opportunity that ends on Tuesday, March 23, 221, ensures a 1.21% annual dividend for investors. The choice made by Strategy to increase its fundraising by nearly $21.24 million beyond its initial target indicates a robust interest from investors and possibly a strengthening belief in Bitcoin’s long-term worth. At first, the company aimed to generate $28.00 million by issuing just 22,025 million shares of the same stock. This week, the strategy involved acquiring a total of 130 BTC for $10.7 million, averaging an expenditure of $82,982 for each BTC. The latest transaction increased the company’s Bitcoin holdings to 499,226, representing approximately 8.003% of the total Bitcoins available in circulation. Michael Saylor’s focus on Bitcoin drives a distinctive business approach.
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