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Bitcoin Strategy to Raise $2.1B

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
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