ICYMI - Strategy software firm plans to raise up to US$500mn, will buy more BitcoinNoting this bullish news for BTC overnight ... and also that the price fell a little.
Strategy plans to sell $500 million of dollar-denominated perpetual preferred stock.
The firm says it intends to use proceeds for
- general corporate purposes
- acquisition of Bitcoin
- for working capital
Crypto media carry more info if you are after it. Mainstream media (Bloomberg - gated) also have a little more:
- This issuance follows Strategy's recent purchase of $10.7 million worth of Bitcoin. It plans to issue up to $21 billion of preferred stock to acquire more of the cryptocurrency.
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Bitcoin update:
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: ICYMI - Strategy software firm plans to raise up to US$500mn, will buy more Bitcoin (https://www.forexlive.com/Cryptocurrency/icymi-strategy-software-firm-plans-to-raise-up-to-us500mn-will-buy-more-bitcoin-20250318/)
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