News with the tag "STRC"

The author discusses their investment philosophy centered around Bitcoin (BTC-USD), highlighting its strong performance since 2023 and their long positions in related assets.

MicroStrategy purchased 21,021 bitcoins for $2.46 billion between July 28 and August 3, with an average purchase price of $117,256 per bitcoin.

MicroStrategy plans to raise $4.2 billion through the sale of STRC preferred shares to further its Bitcoin acquisition strategy, reinforcing its position as a major corporate holder of Bitcoin.

Strategy has expanded its STRC Stock offering to $2.5 billion, a move aimed at funding Bitcoin acquisitions and showcasing the company's Bitcoin-centric strategy.