Ah, behold the spectacle! A mere $2.47 billion stock offering, the fuel for the grandiose ambition of Strategy—a company now resolutely devoting itself to the world of bitcoin, not as a mere passerby, but as a faithful, long-term disciple in the crypto gospel.
Strategy Gears Up for Another Grand Bitcoin Acquisition After Raising $2.47B
Microstrategy, that once humble software intelligence firm, now rebranded as the mighty Strategy, embarks upon yet another enormous bitcoin acquisition. Aided by the funding from its recent stock offering—oh, just a cool $2.47 billion—Strategy is preparing for its next big move in the cryptocurrency game. You see, this latest endeavor was announced with fanfare on July 25, as the company priced its grand new venture: a mind-boggling 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (yes, that’s a mouthful, and no, it’s not a misprint), set at $90 per share. The public offering, completed on July 24, is expected to close by July 29, assuming nothing goes terribly wrong. But who would dare bet against them? 🤷♂️
“Strategy predicts, with the kind of confidence that only a company like this could muster, that the net proceeds from the offering will amount to a staggering $2.474 billion. That’s after the usual underwriting discounts and commissions and other negligible offering expenses,” they humbly announced. The statement continued:
Strategy, not content with mere profits, intends to channel these funds into two things: buying more bitcoin and ensuring its working capital remains perpetually robust. It’s almost like they’re asking, ‘Who needs a rainy day fund when you have bitcoin?’ 😏
And why bitcoin, you ask? Well, apparently, Strategy sees in bitcoin not just an investment but a generational opportunity. The kind of opportunity you tell your grandchildren about when you’re sipping tea on your private yacht. Just recently, on July 20, Strategy decided to solidify its faith in this digital treasure by purchasing an additional 6,220 BTC for approximately $739.8 million. The price per coin? A mere $118,940. With this acquisition, Strategy now holds a whopping 607,770 BTC—a total investment approaching $43.61 billion. At an average cost of $71,756 per bitcoin, the company clearly has some skin in the game.
Now, let’s talk about the stock itself. The $100 stated amount for the STRC Stock offers an initial annual dividend of 9.00%, paid monthly, beginning August 31. And because Strategy likes to keep things interesting, they reserve the right to adjust this rate monthly—like a clever investor testing the winds of the market. Missed dividends? Don’t worry. They will accrue and compound like a neglected garden of financial promises, growing ever more fragrant as they wait to be paid. Investors, not left to the whims of fate, will enjoy redemption options, with the option for Strategy to buy back shares at a minimum of $101 plus accrued dividends. Oh, and in case of any unpleasant tax changes or sudden corporate events—well, Strategy has you covered with additional protections. After all, what’s a major corporate move without a little bit of insurance? 😅
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2025-07-25 16:57