MicroStrategy plans to raise $2 billion, share price up 13%
MicroStrategy is planning a $2 billion IPO to buy more #bitcoin .
The company's share price #rose 13.22% to $339.66 on the news.
446,400 #BTC (worth $43.9 billion), up 57.2%.
As part of its $42 billion "21/21" fundraising strategy, #MicroStrategy (MSTR), the world's largest bitcoin holding company, announced plans to raise $2 billion in capital on January 4. The share price rose 13.22% after the announcement.
the indefinite preferred stock offering underscores the company's ongoing commitment to expanding its bitcoin holdings
the strategy continues to attract market attention and increase its value
the recently announced offering is a deliberate two-phase effort by the company. It is part of 21/21's deliberate, two-phase strategic plan.
These funds will be used to strengthen the company's balance sheet and deepen its bet on bitcoin.
As of Jan. 4, MicroStrategy owned 446,400 BTC, worth about $43.9 billion, according to Bitcoin Treasuries. The average bitcoin purchase price is $62,500 a piece, and the company has a 57.2 percent return on investment.
perpetual preferred stock has priority over common stock in the event of liquidation or bankruptcy.
the company refrains from giving details, but under favorable market conditions, this offer could take place now.
MicroStrategy's share price rose strongly again. Investors were enthusiastic about the announcement of the capital increase, and on January 4, the company's stock price rose 13.22% to $339.66 per share.
According to Yahoo Finance, the value of MSTR has increased by 395.75% over the past year. This far exceeds bitcoin's 122.21% rise.
This rise shows investor optimism about MicroStrategy's aggressive move into bitcoin, led by Chairman Michael Saylor.
Mr. Saylor was one of the investors in government bonds.
Read us at: Compass Investments