Strategy to Raise $2.1 Billion for Bitcoin Investments
- Strategy, formerly MicroStrategy, plans to raise $2.1 billion by issuing STRF shares.
- The funds will be used for general corporate purposes and further investments in Bitcoin.
- Strategy holds 576,230 BTC at an average cost of $69,726 per Bitcoin.
- Bitcoin’s current trading price is approximately $111,305.
- The company’s portfolio shows an unrealized gain of about $24 billion due to the recent Bitcoin price surge.
- STRF shares are perpetual preferred shares with a 10% annual rate developed using AI technology.
Strategy aims to strengthen its financial position and expand its Bitcoin investments by raising $2.1 billion through STRF shares, with the current unrealized gain from its cryptocurrency holdings estimated at $24 billion.
Source (2.6)https://hodl.press/strategy-plans-to-raise-2-1b-for-bitcoin-investment/?rand=24434