Michael Saylor’s Strategy Announces $979,700,000 Stock Offering in a Bid to Acquire More Bitcoin (BTC)

Description

The world’s largest corporate Bitcoin ( BTC ) holder is announcing a new stock offering worth hundreds of millions of dollars as a means of accumulating more of the crypto king. In a new press release , Strategy, formerly known as MicroStrategy, is announcing the stock offering of 11.764 million shares of its 10% Series A Perpetual Stride Preferred Stock (STRD Stock) for $85.00 per share. Strategy estimates that it will acquire about $980 million from the offering, which may give investors quart...