Strategy Unveils $500M Stock Raise to Buy More Bitcoin

Strategy, previously known as Micro strategysaid Tuesday that the software company is planning to pick up no less than $ 500 million through a new offer to buy more Bitcoin.

The company plans to issue a new form of eternal preference shares called Strife, which costs $ 100 per share and will pay a fixed rate of 10%, the company said in a press release.

Only available for institutional investors, the new share of the strategy would pay its first dividend over 100 days. What distinguishes the new offer from the so -called strike of the strategy, a different form of perpetual preferred product, is that the dividend only pays in cash.

Strategy was able to collect billions of dollars last year by selling shares and supposedly Convertible bindingsthat offer 0% interest. The strategy battle bid pays 10% interest, which is more than the 8% dividend for the strike offer of the strategy in January.

On Monday the company announced that it had done bought About $ 10.7 million in Bitcoin. Within interests of the active that are currently worth around $ 41.4 billion, the recent purchase grew the Bitcoin stock of the strategy by around 0.026%.

Although the company has waited a few weeks to reveal its latest Bitcoin purchase, analysts told Decrypt that there is No indication The Bitcoin purchases of the strategy will soon stop, despite market conditions that have made it harder for the company to raise cash to buy Bitcoin.

https://x.com/saylor/status/19019698744441654434

On Tuesday, the company’s share price decreased when the markets were opened, with a decrease of 6.5% by around $ 275, according to Yahoo Finance. Strategy shares have fallen by 5.5% at the year, but have still doubled in value in the last six months.

Strategy, co-founder and executive chairman Michael Saylor, in Future Proof Citywide in Miami in Miami on Miami noted Bitcoin’s recent price fall. Shift lowers expectations, rates and economic fears have led to a “macro, risk-off zone,” he said.

“If that turns around, I think Bitcoin will tear forward with revenge,” he added.

Published by James Rubin