Strategy₿ announced the upsizing of its STRF offering from $500 million to over $722 million, indicating substantial future investments in Bitcoin.
STRF Offering Expansion
Strategy₿ has announced it is increasing its upcoming offering from $500 million to over $722 million through its STRF. This translates to a significant future investment in Bitcoin. The issuance of 8.5 million STRF shares at $85 per share is scheduled to settle on March 25.
New Company Announcement and Plans
According to the official release on March 21, 2025, the net proceeds from the offering, after deducting expenses, will exceed $711 million, to be invested in Bitcoin as per the company's strategy.
Optimism for Bitcoin
Strategy₿ has resumed Bitcoin purchases after a short break. As of March 16, the company holds 499,226 BTC, valued at over $41.7 billion, following a recent acquisition of 130 BTC. Despite market volatility, the outlook remains positive for the crypto industry.
The expansion of the STRF offering and subsequent Bitcoin investments highlight Strategy₿'s confidence in the cryptocurrency's future, offering market optimism.
