The strategy, the world’s largest bitcoin holder, plans to raise approximately one billion dollars by offering shares to finance additional Bitcoin purchases.
The company, led by CEO Michael Sailor, plans to issue 11,764,700 shares by 10.00 % of the favorite series A Perpetual Stride at a general offer price of $ 85 per share.
Strategy estimates that collect about 979.7 million dollars of net revenue after subscription discounts and commissions for the company’s submission expenses, according to June 6 advertisement.
The company plans to use nearly one billion dollars for “public companies’ purposes, including Bitcoin and working capital.”
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This quadruple move, the company previously announced an increase of $ 250 million, and provides a new financing path that exceeds its historical use of shared shares and convertible debts.
On the other hand, the permanent favorite stocks of strategy will pay professional investors and institutions unrelated by 10 % of the specified amount.
At the current price of $ 103,800 per Bitcoin (BTC), it will enable one billion dollars in the strategy to get 9,633 BTC, much more than its last purchase of 705 Bitcoin for 75.1 million dollars announced on June 2.
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Bitcoin Strategy Strategy rises to +112 %: VANECK
The Bitcoin premium of the strategy increased to more than 112 % compared to the instant bitcoin prices, according to Vanck.
“We calculate the +112 % bonus on the joint fair value of the MSTR and Core BTC work, driven by the future accumulation of BTC, organizational benefits, and specification of speculative sites,” Asset Manager ” I mentioned In my research report, May 22.
“Every time Microstrategy issues new shares to retailers – Bitcoin -backed stocks with a value of only a small part of the share price – the company prepares the difference and frames as a bitcoin return.”
However, the installment is still simple compared to the Japanese investment company Metaplanet Premium, which rose to $ 596154 on May 27, which means that the stock baths pay more than five times to bitcoin exposure through Metaplanet shares.
Investors who do not understand the importance of the net value of assets (NAV) may be “highly driven by Bitcoin” in a position that does not provide additional additional influence, according to a report By 10x Search published on May 27.
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