Strategy, previously known as Microstrategy, has been acquiring bitcoins for the ninth week in a row. The company made the purchase of cryptocurrencies after
Ads On the placement of shares by $ 1 billion. This amount is four times higher than the company’s recent announcement of 2.5 million new shares, from the sale of which it planned to attract $ 250 million. The company intends to use the received funds to finance additional purchases of bitcoin and payment of corporate expenses.
Within the framework of this placement of papers, 11.76 million privileged shares of the A series A are issued at $ 85 per paper. Unlike previous rounds of collecting funds, this proposal includes not providing accumulations of dividends in the amount of 10%. They are designed to attract large investors who are in search of opportunities for income.
Strategy began to accumulate bitcoins in August 2020 – the first purchase amounted to 21,454 BTC and cost the company $ 250 million. Now Strategy owns more than 2.75% of the total bitcoin offer. The Strategy market capitalization reached $ 104.6 billion. In July 2020, before the start of bitcoin procurement, this figure was $ 1.2 billion.
Now Strategy is considered one of Bitcoin’s largest corporate holders, and its strategy for long -term cryptocurrency purchases inspired other companies to follow an example. Among them is the Japanese investment company Metaplanet. By 2027, she plans to accumulate at least 210,000 BTC.
Source: Bits

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