Michael Saylor signal the new bitcoin because the strategy launches $ 1b stock offering

The strategy co-founder and executive president Michael Sayler posted a chart of the company’s bitcoin holdings on 8 June, indicating a possible upcoming acquisition.

On 8 June, Saylor Posted “Send more orange” to X.BTC) Purchase. If the strategy follows the post with another BTC purchase, it will continuously mark the ninth week of bitcoin purchase from the company.

Post comes shortly after the company purchases an additional 705 BTC. About $ 75 million between May 26 and June 1 At an average price of $ 106,495 per coin, reaching the company’s total bitcoin holdings to 580,955 BTC, currently a price of about $ 61.4 billion.

Saylortracker’s data shows that the company is about 50% on its investment, which is about 20.6 billion dollars in untrue profit.

Strategy provides $ 1 billion in shares to buy more bitcoin

Saylor’s X post follows strategy Announcement of $ 1 billion stock offerSurprising your earlier declared growth of $ 250 million. The company said it would use income to purchase additional bitcoin and fund general corporate expenses.

The offer consists of 11.76 million shares of its 10.00% series, which is a permanent straight favorite stock at a price of $ 85 per share. The strategy expects to raise around $ 979 million after spending from the overwhelming and other arrears.

Unlike its previous funding methods, the preferred stock offers 10%non-remot dividends. It appeals to institutional and professional investors who are after yield. It aims to offer more predicated investor returns, while the company continues to pursue its aggressive bitcoin accumulation strategy.