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Bullish
Countdown To 500,000: MicroStrategy Buys $1 Billion More Bitcoin
Tysons Corner, Virginia-based commercial software firm MicroStrategy bought Bitcoin (BTC) for the twelfth week in a row on Monday.
According to a recent SEC filing, the corporation spent $1.1 billion on the market's largest cryptocurrency from January 21 to 26.
With these transactions, MicroStrategy currently possesses 471,107 BTC, worth $30.4 billion, or over 2% of the lifetime Bitcoin supply.
MikroStrategy Wants Bitcoin Holdings Over 500,000
MicroStrategy wants to issue $250 million in permanent preferred shares with an attractive 8% fixed yield to fund its Bitcoin acquisition strategy.
This stock will convert for $1,000, but specifics are few. The endeavor intends to increase the company's near-500,000 BTC Bitcoin holdings.
MicroStrategy aims to raise $42 billion by 2027 via at-the-market stock sales and convertible debt offers.
The company's stock has risen 600% in the last year, but it fell 1.4% to $348.65 in early trade on Monday. Bitcoin slid 2.5% to $101,500.
MicroStrategy also stated that it will redeem nearly $1 billion of its 0% Convertible Senior Notes due in 2027 on February 24 sooner than expected.
The corporation hopes to simplify its finances and increase capital raising flexibility with this approach. Benchmark analyst Mark Palmer said this method will let investors concentrate on the company's operations rather than financial issues.
MicroStrategy might issue longer-term convertible debt after redeeming these notes, expanding its capital-raising options.
Starting March 31, the business will sell 2.5 million Series A perpetual strike preferred stock, which will be senior to its Class A ordinary stock and pay quarterly dividends.
#MicroStrategyAcquiresBTC #DeepSeekImpact #JUPBuybacks #USConsumerConfidence #USTaxExemptionPlan $BTC $XRP
Tysons Corner, Virginia-based commercial software firm MicroStrategy bought Bitcoin (BTC) for the twelfth week in a row on Monday.
According to a recent SEC filing, the corporation spent $1.1 billion on the market's largest cryptocurrency from January 21 to 26.
With these transactions, MicroStrategy currently possesses 471,107 BTC, worth $30.4 billion, or over 2% of the lifetime Bitcoin supply.
MikroStrategy Wants Bitcoin Holdings Over 500,000
MicroStrategy wants to issue $250 million in permanent preferred shares with an attractive 8% fixed yield to fund its Bitcoin acquisition strategy.
This stock will convert for $1,000, but specifics are few. The endeavor intends to increase the company's near-500,000 BTC Bitcoin holdings.
MicroStrategy aims to raise $42 billion by 2027 via at-the-market stock sales and convertible debt offers.
The company's stock has risen 600% in the last year, but it fell 1.4% to $348.65 in early trade on Monday. Bitcoin slid 2.5% to $101,500.
MicroStrategy also stated that it will redeem nearly $1 billion of its 0% Convertible Senior Notes due in 2027 on February 24 sooner than expected.
The corporation hopes to simplify its finances and increase capital raising flexibility with this approach. Benchmark analyst Mark Palmer said this method will let investors concentrate on the company's operations rather than financial issues.
MicroStrategy might issue longer-term convertible debt after redeeming these notes, expanding its capital-raising options.
Starting March 31, the business will sell 2.5 million Series A perpetual strike preferred stock, which will be senior to its Class A ordinary stock and pay quarterly dividends.
#MicroStrategyAcquiresBTC #DeepSeekImpact #JUPBuybacks #USConsumerConfidence #USTaxExemptionPlan $BTC $XRP
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