Strategy buys an additional 3,000 Bitcoin, changes stock issuance policy

Strategy (formerly MicroStrategy) has purchased approximately 3,000 Bitcoin valued at 357 million USD. To finance this deal, the company issued common stock, marking a return to this fundraising strategy after nearly a month of suspension.

Change in policy

This move contrasts with the stock issuance policy recently approved by #strategy , in which the company committed not to issue stock when the mNAV (market value to net asset value ratio) is below 2.5x. However, Strategy has added a clause allowing for changes to this policy when deemed beneficial.

Reactions and concerns

Strategy's STRG stock price fell by nearly 2.7% after this news. Some analysts, including Andy Constan, CEO of Damped Spring Advisors, have compared Strategy's model to a model #ponzi , arguing that the company will have to continually issue stock to pay dividends to preferred shareholders.

However, some other experts believe that this inconsistency could provide a strategic advantage, making Strategy harder to predict in its subsequent financial moves. Currently, the company holds approximately 632,500 Bitcoin valued at 70.5 billion USD. #anhbacong