Strategy is shaking things up with its latest move in the Bitcoin world! The company has priced its new round of perpetual preferred stock at $85 per share, aiming to rake in $711 million. This offering comes with an enticing 11.8% dividend, potentially luring investors away from the bond market's modest 4.2% interest.
On March 17, Strategy made its smallest Bitcoin purchase, adding 130 BTC to its hefty stash of 499,226 BTC, valued at $41.8 billion. Despite market fluctuations, Strategy remains bullish, planning to raise more debt and equity to fuel its Bitcoin buying spree. Shares are trading at $299, recovering from a recent dip.
On March 17, Strategy made its smallest Bitcoin purchase, adding 130 BTC to its hefty stash of 499,226 BTC, valued at $41.8 billion. Despite market fluctuations, Strategy remains bullish, planning to raise more debt and equity to fuel its Bitcoin buying spree. Shares are trading at $299, recovering from a recent dip.