Michael Saylor Hints at New Bitcoin Acquisition After $1B Stock Offering
- Strategy co-founder Michael Saylor signaled a potential new Bitcoin purchase on June 8 with a cryptic post.
- The company recently acquired 705 BTC for approximately $75 million, increasing its total holdings to 580,955 BTC, valued at about $61.4 billion.
- Saylor’s post coincides with Strategy’s announcement of a $1 billion stock offering to fund further Bitcoin acquisitions and corporate expenses.
- The stock offering involves issuing 11.76 million shares of Series A Perpetual Stride Preferred Stock priced at $85 per share.
- Strategy is the largest known Bitcoin holder, surpassing the combined holdings of the United States and China.
Michael Saylor’s recent post hints at another potential Bitcoin acquisition by Strategy, which has already increased its holdings to over half a million BTC. The company remains the largest known Bitcoin holder globally.
Source (3.5)https://cointelegraph.com/news/strategy-bitcoin-buy-signal-stock-offering?utm_source=rss_feed&utm_medium=rss_tag_bitcoin&utm_campaign=rss_partner_inbound&rand=50490
