🚀 Strategy Eyes $2B Stock Surge to Supercharge Bitcoin Treasury Holdings! 💰📈
Strategy may raise its $500 million stock offering to $2 billion.
The revenues will increase the company's Bitcoin reserves.
Strategy has 607,770 BTC.
According to Bloomberg on Thursday, Strategy (MSTR) will expand its Series A Perpetual Stretch Preferred Stock (STRC) offering from $500 million to $2 billion to enhance its Bitcoin (BTC) treasury.
Strategy to increase STRC offering from $500 million to $2 billion
Bloomberg reported Thursday that business analytics company Strategy has boosted its current preferred stock offering to $2 billion from $500 million, citing a source.
Strategy's STRC preferred stock, with a 9% first dividend, is being offered. The shares will cost $90, below their $100 face value.
The project will comprise five million Morgan Stanley, Barclays, Moelis & Company, and TD Securities shares.
Strategy will allegedly utilize the sale cash to increase its Bitcoin holdings and other commercial reasons. This is not the first time the company has increased its stock offers to buy BTC.
STRC should rank higher than Strategy's Strike and Stride preferred shares, common equity, and convertible bonds, but below Strife.
Strategy and its CEO, Michael Saylor, have not confirmed Bloomberg's report.
Strategy bought 6,220 BTC on Monday for $740 million. Currently, the corporation possesses 607,770 BTC, worth almost $72 billion at Bitcoin's pricing.
Strategy tops Bitcoin treasury firms with the most BTC, followed by 140 public corporations. Bitcoin Treasuries data shows these entities have 918,133 BTC worth $109 billion.
Strategy is encouraging more corporations to own Bitcoin.
However, more firms are keeping Ethereum (ETH), XRP, Solana (SOL), and BNB in altcoin-focused treasuries.
