The strategy, the world’s largest bitcoin holder, plans to raise nearly one billion dollars through a new share to finance additional Bitcoin purchases.
The company, led by CEO Michael Sailor, plans to issue 11,764,700 shares by 10.00 % of the favorite series A Perpetual Stride at a general offer price of $ 85 per share.
Strategy estimates to collect approximately 979.7 million dollars from net revenue after subscription discounts and commissions for the company’s submission expenses, according to June 6 advertisement From the company.
The company plans to use nearly one billion dollars for “public companies’ purposes, including Bitcoin and working capital.”
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This quadruple move, the company previously announced an increase of $ 250 million, and provides a new financing path that exceeds its historical use of shared shares and convertible debts.
On the other hand, the permanent favorite stocks of strategy will pay professional investors and institutions unrelated by 10 % of the specified amount.
At the current price of $ 103,800 per bitcoin (BTC), It will enable one billion dollars of strategy to get 9,633 BTC, much more than its last purchase 705 bitcoin l He announced $ 75.1 million on June 2.
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This is a developing story, and more information will be added when available.
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