Microstrategy (nasdaq: mstr) just went all inagain. Bitcoin (BTC-UsD) is to lift At another $ 250 million by offering a new favorite shares, using money to provide them with the constantly growing BTC storage. The last step comes in the aftermath of Bitcoin’s purchase of $ 1.1 billion, prompting its total holdings to 471,107 BTC, and it is now more than $ 48 billion. With an average purchase price of 64,524 dollars per currency, some recent purchases sit at a confusion. But Microstrategy does not fill. It doubles, as it sells 2.5 million shares of favorite stocks in the new series of the A series, which pays for cash, shares, or both.
CEO Michael Sailor has explained one thing: Microstrategy not only maintains the construction of Bitcoinit empire around him. The company, which was once the Enverrise Pure software, is now proudly celebrating it as the first and largest company of Bitcoin. But not everyone is buying it. The stock has been successful recently, and has caught the sale of broader technology and uncertainty about the encryption policy. Trump’s mysterious position on Bitcoin did not help. Meanwhile, StRK holders get some convertible flexibility to the AC Category is still a joint Microstrategy that has the right to recover it under specific circumstances.
This type of accumulation is uncompromising is either pure genius or a time bomb. As Bitcoin decreases shortly to less than 100,000 dollars, some Microstrategy timing wonders. But the company is still sitting on $ 17.7 billion of unreasonable profits from the BTC cache. Silor playing book? Financial leverage, accumulation, repeat. Whether this is the last capital raises Microstrategy, such as the final bitcoin whale or puts it to obtain a painful lesson in volatility is the question that investors are trying billion dollars to answer.
This article appeared for the first time on Gurufocus.
