Saylor "into number 4": Strategy raises 1 billion USD to acquire more Bitcoin

Company #strategy (formerly MicroStrategy) has increased the scale of its preferred stock offering STRD from 250 million USD to 1 billion USD, with the main goal: to acquire more Bitcoin.

Each STRD share will be publicly sold at 85 USD, paying a quarterly dividend of 10%, but it does not accumulate if the payment period is missed. Compared to the two previous products, STRF and STRK, STRD cannot be converted into common stock, has no maturity date, and cannot be called (non-callable).

According to #MichaelSaylor – co-founder and Chairman of Strategy – STRD is the "fourth gear" in the "Bitcoin engine" that the company is building. "Our goal is to leverage Bitcoin through an optimal stock issuance strategy," he said.

This strategy helps Strategy raise 979 million USD in cash, most of which will be used to buy more BTC. As of now, the company holds 580,995 BTC, worth about 60.9 billion USD, amid Bitcoin currently trading around 104,638 USD.

Although STRD has lower price sensitivity to $BTC , STRD investors rank behind STRF and STRK in terms of priority, but still higher than common shareholders.

📌 With this move, Strategy continues to strengthen its position as the organization holding the most Bitcoin in the world – and adding buying pressure to the crypto market.

⚠️ Risk warning: The crypto market is always highly volatile and carries risks. This is not investment advice. #anhbacong