MicroStrategy, now called Strategy, is raising $500 million by selling a special type of stock. This money will be used to buy even more Bitcoin. The company is committed to increasing its Bitcoin holdings.
- They're selling a special kind of stock called Series A Preferred Stock to raise funds.
- This stock doesn't give voting rights but pays a high dividend of 10% annually.
- The money will be used to buy more Bitcoin, sticking to their strategy of owning a lot of it.
- Strategy already owns a huge amount of Bitcoin, over 499,000 BTC!
| Fact | Number |
|---|---|
| Amount raised | $500 million |
| Bitcoin owned | 499,226 BTC |
| Average purchase price | $66,360 per BTC |
| Recent purchase | 130 BTC at $82,981 per BTC |
