Company StrategyB, the successor to MicroStrategy, announced plans to raise $4.2 billion for Bitcoin purchases. This step reaffirms their focus on cryptocurrency accumulation.
StrategyB's Stock Offering
StrategyB has filed a proposal for a $4.2 billion preferred stock offering on the NASDAQ market under the ticker "STRC". The filing outlines the terms of their new equity capital to be used for Bitcoin acquisitions.
Terms of STRC Shares and Their Trading
STRC shares will be actively traded on the NASDAQ, with the last reported price per share at $94.50. Each share carries an initial liquidation preference of $100. Future issuances of shares under this offering are expected to be fully fungible with existing shares.
Increase in StrategyB's Bitcoin Holdings
StrategyB has significantly increased its Bitcoin assets, growing its holdings from 499,000 to 628,800 BTC, which accounts for approximately 3% of the total circulating Bitcoin supply. All proceeds from the new stock offering will be directed solely towards further Bitcoin purchases.
StrategyB's strategy demonstrates its long-term commitment to Bitcoin, confirming intentions to expand reserves and strengthen market positions in the cryptocurrency sector.
