Strategy Inc. has announced plans to upsize the offering of Strife stocks to purchase Bitcoin.
Strategy and Bitcoin Investments
The company offered 8,500,000 shares of Strife 10.00% Series A Perpetual at $85 each. Initially aimed at $500 million, the surge in demand raised the net proceeds to $722.5 million.
Stocks and Market Dynamics
The Strife stock was unveiled to boost Bitcoin acquisitions. Previously, the firm used Convertible Senior Notes, aiming to become a leading Bitcoin bank.
Strategy announces pricing of its Strife Perpetual Preferred Stock and upsizes the deal from $500M to $722.5MMichael Saylor
Current Bitcoin Holdings
The company recently acquired 130 BTC, bringing total holdings to 499,226 BTC, valued at over $33.1 billion. Strategy plans to hold these assets long-term.
Strategy Inc. continues to reinforce its position in the Bitcoin market by heavily expanding its investments.
