Strategy Launches $21 Billion Stock Offering to Buy Bitcoin Dip
- Strategy is the new operating name for Microstrategy (Nasdaq: MSTR).
- The company announced a $21 billion at-the-market (ATM) stock offering.
- This move aims to capitalize on the current bitcoin market downturn.
- The strategy reinforces their aggressive treasury management approach.
- The announcement was made on March 10.
On March 10, Strategy, formerly known as Microstrategy, unveiled a $21 billion ATM stock offering. This initiative is part of their plan to purchase bitcoin during its market dip, highlighting their bold treasury strategy amidst ongoing volatility.
Source (2.6)https://news.bitcoin.com/strategy-gears-up-to-buy-the-bitcoin-dip-with-fresh-21b-stock-offering/?rand=52384