A strategy that was recently called MicroStrategy has created new initiatives to continue investing in Bitcoin (BTC).
Announced today A contract was formed to issue and sell preferred shares for a total of $21,000 million (USD). As reported, revenue is used for general corporate purposes, including the acquisition of more Bitcoin.
Priority actions with nominal values of 0.0001 each will be the permanent movement of the 8% Series A. These can be converted by people who acquire them into the regular Class A shares of the company.
The strategy reported it I hope to train the broadcast for a long period of time.. This is in accordance with your program market (ATM), the mechanism of selling stocks to win funding.
“By raising capital and debt, and using the cash flows of our business, we strategically accumulate Bitcoin and defend our role as digital capital,” the strategy said.
Strategies strengthen their position as a public company with more BTC
In this collection, Strategy can buy 253,000 BTCwhich is currently taking into account that the currency is quoting USD 83,000. This means strong upward pressure on prices. However, it should be noted that the amount you earn can be significantly lower depending on the capital you allocate and the instantaneous price.
Currently, the strategy has 499,096 BTC, and therefore a public company with more bitcoin in the world. Mineramala Holdings is only 9% of that amount, as shown below.
Strategy is an American company that has been offering business analytics software for over 30 years, well-known for investing in Bitcoin since 2020. Its founder is Michael Saylor, an avid BTC enthusiast who concentrates the company’s business model on investing in this market.
The new announcement comes while Bitcoin is experiencing a 24% price retreat From the max of 109,300 USD registered a month and a half ago. This, as reported by Cryptonoticias, has generated market concerns about the financial solvency of its strategy in case the fall continues, something Saylor has not added to its plans to continue to win BTC.
(tagstotranslate)bitcoin(btc)
