Strategy Plans to Raise $500 Million to Buy BTC



Strategy (formerly known as MicroStrategy) intends to issue an additional 5 million Class A preferred shares at a price of $100 each.

The proceeds will be used to develop the company, including buying bitcoins.

These shares will pay a fixed dividend of 10% per annum with quarterly payments in cash. The company also reserves the right to buy back part or all of the shares.

The decision to raise additional capital was made after the company purchased 130 bitcoins for $10.7 million. This was one of the smallest purchases of digital gold by the company since the launch of its bitcoin strategy in August 2020.#BTC
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deltaprovip
· 2025-03-19 19:48
Watch carefully 🔍
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