Zoyaa 89
--
#MicroStrategyAcquiresBTC
MicroStrategy (NASDAQ:MSTR) just went all inagain. The Bitcoin (BTC-USD) powerhouse is raising another $250 million through a new preferred stock offering, using the cash to fuel its ever-growing BTC stash. The latest move comes on the heels of a $1.1 billion Bitcoin buy, pushing its total holdings to a jaw-dropping 471,107 BTC, now worth over $48 billion. With an average purchase price of $64,524 per coin, some of its recent buys are sitting at a loss. But MicroStrategy isn't blinking. It's doubling down, selling 2.5 million shares of its new Series A Perpetual Strike Preferred Stock, which pays dividends in cash, stock, or both.
MicroStrategy (NASDAQ:MSTR) just went all inagain. The Bitcoin (BTC-USD) powerhouse is raising another $250 million through a new preferred stock offering, using the cash to fuel its ever-growing BTC stash. The latest move comes on the heels of a $1.1 billion Bitcoin buy, pushing its total holdings to a jaw-dropping 471,107 BTC, now worth over $48 billion. With an average purchase price of $64,524 per coin, some of its recent buys are sitting at a loss. But MicroStrategy isn't blinking. It's doubling down, selling 2.5 million shares of its new Series A Perpetual Strike Preferred Stock, which pays dividends in cash, stock, or both.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
116
0