The co-founder of the strategy, Michael SilerAgain again displayed his company’s bitcoin portfolio tracker, which highlights the current value of its BTC holdings. This comes between a plan to increase $ 2.5 billion via a stock offering for more BTC procurement.
Michael Saylor shows bitcoin holdings of strategy
One X postMichael Sayler shared an image of the company’s bitcoin portfolio tracker, showing that its 607,770 BTC holdings were currently priced at $ 71.8 billion. Saylor captioned the post, saying, “It all started with a quarter of Arab in bitcoin.” This refers to the amount that was started to start the company This bitcoin strategy,
Michael Sailler’s strategy began buying bitcoins in August 2020, when he first purchased the price of 21,454 BTC $ 250 million. Since then, the company has continued to purchase massively, reaching its total holdings to 607,770 BTC, which it acquired for a total of $ 43.61 billion at a bid price of $ 71,756 per BTCC for a total of $ 43.61 billion. Its Latest purchase It came from 14 to 20 July, when it bought 6,220 BTC.
Thanks to the Bitcoin price praise as the strategy began to buy BTC, the company now holds an unrealistic benefit of about 30 billion dollars on its holdings. It is also worth noting that Michael Sayler’s company is a BTC Treasury Company. The company is well ahead of other BTC Treasury companies with second place Holdings holding 50,000 BTC,
Meanwhile, Michael Sirer’s post again indicates that the company probably made another purchase, in such a way, it is likely that the company will be announced that the purchase of bitcoin will be announced today, which it made between 21 and 27 July.
$ 2.5 billion raising strategy to buy more BTC
Michael Siler’s strategy It is planned to increase $ 2.5 billion for more bitcoin purchases. One in Press releaseThe company revealed that it had increased its STRC IPO from $ 500 million to $ 2.5 billion. The company plans to offer 28,011,111 shares of the variable rate series, a permanent stretch preferred stock on a public offering of $ 90 per share.
The strategy is planning to release and sell these STRC shares by 29 July. The company estimates that the offer will make the net process to $ 2.474 billion. It was also confirmed that the NET program would be used for the acquisition of BTC. It is worth noting. Mstr share To fund your last two bitcoins.
At the time of writing, the price of bitcoin Data From coinmarketcap.
Specially displayed image from Pixabay, chart from TradingView.com
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