Strategy has announced the pricing of its latest stock offering, aligning with plans for further Bitcoin acquisitions.
Stock Pricing and Dividends
Strategy plans to sell shares at $85 each with a 10% coupon, raising $711 million. Analyst Jesse Myers highlights that the 11.8% dividend makes this offering more appealing compared to bonds at 4.2%.
Recent Purchases and Plans
Strategy's latest purchase on March 17 involved 130 BTC, valued at approximately $10.7 million. This is the smallest purchase on record; however, co-founder Michael Saylor plans to leverage debt and stock sales to boost BTC holdings.
Company Financial Situation
Strategy’s shares declined by 26% in March, settling at $299 after a robust start to the year. Inclusion in the Nasdaq 100 improved liquidity but also increased vulnerability to tech sector downturns.
Strategy continues to pursue its Bitcoin accumulation strategy through new stock offerings and debt financing, navigating market fluctuations.
