๐ฅ Urgent: Strategyโข is launching preferred shares to raise approximately one billion dollars! ๐ฐ๐
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๐ Massive Offering:
Strategyโข (the owner of large quantities of #Bitcoin) has announced the offering of 11.76 million shares of its perpetual preferred class A stock, with a yield of 10%, at a price of $85 per share.
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๐ธ Funding Goal:
The company aims to raise about $980 million from this offering, which will be used for general corporate purposes, including purchasing more Bitcoin.
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๐ Importance:
This large offering reflects Strategyโข's strategy of using traditional capital markets to bolster its Bitcoin holdings and underscores institutional interest in digital assets.
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๐ค Do you think these funding steps from Strategyโข will support the price of Bitcoin in the long term?
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