The strategy, the company that focuses on Bitcoin, previously known as Microstrategy, has announced that it is now planning to raise more than $ 700 million by offering new favorite shares to finance Bitcoin (BTC) purchases and public business operations.
She recently said: press release. The shares hold an annual profit of 10 % at a value of $ 100, driven by cash.
If the company misses a profit payment, then the unpaid vehicles, and climbing the rate by one percentage point per quarter – was selected by 18 %. The design aims to provide a form of punishment and payment strategy to maintain regular payments.
For investors, it provides negative protection. The company had previously planned to raise $ 500 million through the offer. It is now expected that you will get about $ 711.2 million of the sale, which settles on March 25.
The company will partially use the revenue to buy more Bitcoin-consistent with a long-term treasury strategy-Working capital. Favorite stocks can be called by the company under certain circumstances, including whether less than 25 % of the original stocks remain suspended or if there are negative tax changes.
Investors can also demand the company to report their shares in the event of a “basic change”.
Bitcoin constant accumulation of the strategy
The offer, which was secured by a union led by Morgan Stanley, Barclay, and Citigroup, gives another vehicle strategy to continue adding bitcoin to its public budget to companies.
The value of the public budget is now estimated at about $ 41.8 billion, such as the company It holds 499,226 btc It is purchased at a medium cost of $ 66,406 per currency. While the company has accumulated BTC since early 2020, its pace exploded at the end of last year, as it began to finance these acquisitions through stock and bond offers.
