The Business Intelligence Firm plans and Bitcoin Investor Strategy plans to offer 5 million sharing company series A Perpetual Strife preferred stock and use the proceeds to buy more Bitcoin.
In an announcement, the company Says It aims to use proceeds for general purposes. This includes working capital and “getting bitcoin.” However, the company said it was still subject to the market and other conditions.
According to the approach, the stock will accumulate a combined dividends at 10% year. The company also noted that stockholders will receive dividends in the stock quarterly, beginning June 30, 2025.
The approach said it could buy all of these stocks for cash if the total number of shares left in the market dropped below 25% of the released amount.
The approach makes the smallest Bitcoin purchase on the record
The announcement complies with the company Bitcoin’s smallest well -known purchase. On March 17, the company announced it to buy 130 Bitcoin (Btc) for $ 10.7 million cash, at an average price of about $ 82,981 per BTC.
BTC’s most recent purchase is the smallest amount of the company since its First investment in bitcoin In August 2020. Prior to the latest purchase, the least BTC amount purchased by the strategy was a 169-bitcoin purchase made in August 2024.
The smallest purchase of BTC’s approach is in the middle of the sentiment that the bitcoin bull cycle has ended. On March 18, Cryptoquant and CEO founder Ki Young Ju said The bull cycle is over And he expects 6 to 12 months of bearish or sideways price action.
Related: Strategy bitcoin stash is more than $ 7B across the market downturn
Bitcoin handling approach near 500,000
Since Bitcoin’s first investment, its company and its subsidiaries have accumulated 499,226 BTCs at a combined -a -$ 33.1 billion purchase price. Coins are purchased at an average price of $ 66,360 per BTC, including fees and costs.
If the company buys 774 BTC (about $ 64 million), its total handling will be up to 500,000. It will be 2.38% of the entire Bitcoin supply.
The company remains the largest holder of corporate bitcoin in the world and up to more than $ 8 billion in BTC investments despite the recent market collapse. At the time of writing, the strategy’s BTC holders cost about $ 41.1 billion.
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