๐จ Urgent: "Strategy" Michael Saylor reveals a stock offering worth $4.2 billion! ๐ฐ
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๐ข What's new?
โ Strategy (formerly known as MicroStrategy) announced a stock offering worth $4.2 billion.
โ The offering is of the "At-The-Market" (ATM) type for its Series A Perpetual Strike Preferred Stock under the symbol $STRD.
โ The dividend rate on these stocks is 10.00%.
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๐ก Why is this important?
โ The funds may be used to purchase more Bitcoin, thereby enhancing the company's holdings.
โ They can also be allocated for working capital or to pay dividends on STRD and STRF stocks.
โ This move demonstrates the company's continued "Strategy" of financing its Bitcoin-related operations through capital markets.
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๐ Forecast:
โ These funds are expected to contribute to increasing the company's exposure to Bitcoin.
โ They may enhance the appeal of STRD stocks to investors looking for stable returns linked to Bitcoin.
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โDo you think the continuation of "Strategy"'s approach to raising funds to buy Bitcoin will enhance investors' confidence in the currency?
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