The strategy is planning to raise approximately $ 1 billion through the world’s largest corporate bitcoin holder, offering a stock for additional bitcoin shopping.
Under the leadership of Executive Chairman Michael Surer, the company plans to release 11,764,700 shares of the 10.00% series, a permanent stride favorite stock on a public offering of $ 85 per share.
As of June 6, a strategy of about $ 979.7 million is estimated to be around 979.7 million from net income after the finance discounts for the firm offering expenses. Announcement,
The company plans that “for general corporate purposes, for the acquisition of bitcoin and working capital” plans to use approximately $ 1 billion for general corporate purposes. ,
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The move announced the company already $ 250 million and introduced a new financing route beyond its historical use of common stock and convertible loans.
Conversely, permanent favorite stock of strategy will pay non-remoting dividends to professional and institutional investors, which are equal to 10%.
At the current price of $ 103,800 per bitcoin (BTC), $ 1 billion will enable the strategy to get an additional 9,633 BTC, much higher than its latest purchase 705 bitcoin for The $ 75.1 million was announced on 2 June.
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This is a developing story, and further information will be added as it is available.
