"Michael Saylor Plans to Issue $2.1 Billion in Preferred Stock for Additional Bitcoin Purchases"
Minseung Kang
Summary
- Strategy plans to raise up to $2.1 billion through the issuance of preferred stock to fund additional Bitcoin purchases.
- According to media reports, CEO Michael Saylor announced plans to issue preferred stock equivalent to about 10% of the total shares.
- Currently, Strategy holds 576,230 BTC, with an average purchase price calculated to be $69,726.
Strategy (formerly MicroStrategy) is reportedly planning to issue preferred stock to fund additional Bitcoin (BTC) purchases.
On the 22nd (local time), cryptocurrency media outlet CoinPedia reported, "Michael Saylor, CEO of Strategy, plans to issue preferred stock equivalent to about 10% of the total shares to raise up to $2.1 billion, which will be used for Bitcoin purchases."
Currently, Strategy holds a total of 576,230 BTC, valued at approximately $40.18 billion. The average purchase price is calculated to be $69,726.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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