#TrumpTariffs Strategy announces new fundraising of $4.2 billion for Bitcoin purchases.✨✨✨✨
$BTC 💥💥💥💥
#MuskAmericaParty Last week, Strategy did not make Bitcoin purchases for its corporate balances, leaving its reserves at 597,325 BTC. However, that does not mean the company has lowered its guard on its strategy of massive accumulation of digital coins. In fact, it recently announced a new fundraising plan.
In a statement, the firm of renowned BTC evangelist, Michael Saylor, announced the raising of $4.2 billion through an at-the-market (ATM) offering. According to the sale agreement, the company will issue and settle series A perpetual stride preferred stock at 10%.
The shares will be sold at a nominal value of $0.001 per share, with a total offering price of up to $4.2 billion, as already mentioned. According to the statement, the net proceeds from the ATM program will be used to acquire more BTC and for working capital purposes.
Additionally, part of the funds will be allocated to the payment of dividend obligations for series A shareholders with perpetual exercise rights. Thus, Strategy's fundraising plan reinforces its intention to continue expanding its Bitcoin reserves. In that sense, the next purchase could allow it to exceed the barrier of 600,000 BTC in its corporate balances.