Michael Saylor "buys" an additional $2 billion in BTC – The world's strongest Bitcoin fund isn't stopping!
The world's largest strategic Bitcoin holding company – #strategy of Michael Saylor – has just raised its capital from preferred stock STRC to nearly $2.5 billion, to buy more Bitcoin. This is the next step in the relentless strategy of accumulating BTC, increasing total holdings to 607,770 BTC, equivalent to over $70 billion, accounting for nearly 2.9% of the total maximum supply of Bitcoin.
STRC is the latest preferred stock of Strategy, following the issuances of STRK, STRD, and STRF, targeting investors with different risk appetites. STRC shares are sold at $90/share, 10% lower than the initially announced price, with a yield of 9%/month in a variable form – an attractive way to attract more capital flow.
In just July, Strategy spent over $1.2 billion to buy $BTC – including $472 million on July 14 and $740 million earlier this week, marking a strong comeback after a 3-month pause in accumulation.
Strategy's crypto accumulation strategy has sparked a wave of U.S. companies joining the market: more than 159 listed companies are currently holding BTC, $ETH or $SOL in treasury.
🟢 Lesson for crypto investors: if a whole corporation dares to pour billions of USD into buying Bitcoin while prices are adjusting, that's a signal you shouldn't ignore.
Warning: Investing in cryptocurrency carries high risks and is not suitable for everyone. Please research carefully before making a decision. #anhbacong