Big Bull Michael Saylor’s Company Strategy Shares New Bitcoin Purchase Move
MicroStrategy (now Strategy) announced today that it has priced its initial public offering of 10.00% Series A Perpetual Stride Preferred Stock (STRD) at $85.00 per share.
A total of 11,764,700 STRD shares will be offered to investors within the scope of the public offering.
The Company expects to receive net proceeds from this offering of approximately $979.7 million, net of commissions and other expenses to be paid to brokerage firms. The issuance and sale of shares are expected to be completed on June 10, 2025, subject to customary closing conditions.
MicroStrategy announced that the income will be used for general corporate purposes, and that it is particularly aimed to meet Bitcoin purchases and working capital needs.
MicroStrategy currently holds 580,955 BTC worth $60.76 billion. They were purchased at an average price of $70,046. The company has an unrealized profit of $20 billion from its Bitcoin investments to date.
#MichaelSaylor #strategy #MicroStrategy #BTC #BitcoinETF
A total of 11,764,700 STRD shares will be offered to investors within the scope of the public offering.
The Company expects to receive net proceeds from this offering of approximately $979.7 million, net of commissions and other expenses to be paid to brokerage firms. The issuance and sale of shares are expected to be completed on June 10, 2025, subject to customary closing conditions.
MicroStrategy announced that the income will be used for general corporate purposes, and that it is particularly aimed to meet Bitcoin purchases and working capital needs.
MicroStrategy currently holds 580,955 BTC worth $60.76 billion. They were purchased at an average price of $70,046. The company has an unrealized profit of $20 billion from its Bitcoin investments to date.
#MichaelSaylor #strategy #MicroStrategy #BTC #BitcoinETF
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