Strategy Increases ‘Strife’ Stock Offering to $723 Million
- Strategy upsized its Strife perpetual stock offering from $500 million to $723 million.
- The offering includes 8.5 million shares at a public price of $85 per share.
- A fixed dividend rate of 10% is offered, with payments starting in June.
- $711 million from the proceeds will be used to purchase more Bitcoin.
- Strategy’s current Bitcoin holdings are valued at approximately $41.4 billion.
Strategy has increased its Strife stock offering to raise $723 million, planning to use most of the proceeds for Bitcoin acquisitions, enhancing its existing holdings valued at about $41.4 billion.
Source (2.6)https://decrypt.co/311089/strategy-strife-offering-723-million-buy-bitcoin?rand=52368