key takeaways
- The strategy further increased its favorite equity from $ 500m to $ 2B to support bitcoin purchases.
- The strategy has a price of 607,770 BTC $ 72.4B, which represents about 3% of the total supply of bitcoins.
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According to a report by the new Bloomberg, the strategy has increased its latest favorite equity sales from $ 500 million to $ $ $ $ $ $ $ 2 billion.
The move follows Monday’s announcement of a new favorite stock instrument strategy known as Strc Stock. While the shares were willing to priced each $ 100 each, Bloomberg reported that the offer will be made at $ 90 per share citing the person familiar with the case.
The initial offering size was set on 5 million shares, but that number is expected to increase to reach a target of $ 2 billion. At $ 90 per share, investors are designed to receive the initial 9% annual dividend, monthly paid.
The fourth favorite share offer of the strings to release STRC. These new share strategy strategies and strong favorite and senior to its normal stock, but the strikes released earlier will remain junior to dismiss the preferred and convertbitting bonds.
Cast, raise processes from raise for the company’s filing will be used for general corporate purpose, including the acquisition of more bitcoins. Currently 607,770 BTC in strategy is $ 72.4 billion, which represents about 3% of all bitcoins in circulation.
General shares of strategy (MSTR) traded a flat at $ 413 on Thursday morning, giving the company a market cap of about $ 115 billion.
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