Editor's PiCK

Strategy Raises $2 Billion to Purchase Bitcoin

Source
Uk Jin

Summary

  • Strategy announced plans to raise $2 billion to acquire additional Bitcoin.
  • Strategy revealed plans to raise funds through issuing 0% convertible preferred stock.
  • Strategy stated that market conditions and other factors influenced this decision.

Strategy (formerly MicroStrategy), the company holding the largest amount of Bitcoin (BTC) in the world, plans to acquire additional bitcoins.

According to WatcherGuru on the 18th (local time), Strategy announced plans to raise $2 billion to purchase Bitcoin.

Strategy plans to raise funds through issuing 0% convertible preferred stock due March 1, 2030. Regarding the reason for this decision, Strategy stated that "this decision was made based on market conditions and other factors."

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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