Dive into Strategy’s Ambitious Bitcoin Accumulation Plans with STRC Issuance
Main Idea
Strategy, a company with the largest Bitcoin reserve, announced the issuance of 5 million STRC preferred shares to fund further Bitcoin acquisitions, following its recent purchase of 6,220 BTC.
Key Points
1. Strategy issued 5 million STRC variable-rate preferred shares, each with a nominal value of 100 USD and an annual dividend.
2. The company recently acquired 6,220 BTC for 739.8 million USD, increasing its total holdings to 607,770 BTC.
3. STRC is the fourth class of preferred shares introduced by Strategy, with its performance linked to the Bitcoin market.
4. Strategy has spent approximately 43.6 billion USD on BTC purchases, with an average cost of 71,756 USD per BTC.
5. The market value of Strategy's Bitcoin holdings is approximately 72 billion USD, accounting for roughly 3.05% of the sector.
6. CEO Michael Saylor stated that BTC yields have been 20.8% since the beginning of the year.
Description
Strategy plans to issue 5 million STRC preferred shares at 100 USD each. The issuance supports financing strategy and further Bitcoin purchases. Continue Reading: Dive into Strategy’s Ambitious Bitcoin Accumulation Plans with STRC Issuance The post Dive into Strategy’s Ambitious Bitcoin Accumulation Plans with STRC Issuance appeared first on COINTURK NEWS .
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