The co -founder of the strategy and executive chairman Michael Saylor published the Bitcoin Holdings list of the company on June 8, signaling a possible takeover.
June 8 Saylor Published “Send more orange” on the mysterious posts of X. Saylor often appears about recent Bitcoin (BTC) shopping. If the strategy continues the post with another BTC purchase, it will be the ninth week of the next Bitcoins purchases from the company.
The post appears shortly after buying an additional 705 BTC between May 26 and June 1 for around 75 million USD at an average price of USD 106,495 per coin, increasing the total Bitcoin company to 580 955 BTC, currently valued at around 61.4 billion USD.
Data from Saylortracker show that the company has increased by about 50% compared to its investment, which is about $ 20.6 billion of unrealized profit.
The strategy offers $ 1 billion of shares for buying more bitcoins
X Post Saylor is in accordance with the announcement of a strategy of shares worth $ 1 billion, which four times announced increases worth $ 250 million. The company stated that it uses revenues for financing additional Bitcoins purchases and general corporate expenditure.
The offer includes 11.76 million shares of 10.00% of the A Perpetual Stride Series Preferred shares for 85 USD per share. The strategy expects to collect about $ 979 million after expenses from insurance and subtracting other fees.
Unlike earlier financing methods, preferred shares offer non -dismulative dividends of 10%. This refers to institutional and professional investors who are profitable. It aims to offer more predictable returns of investors, while the company still implements the aggressive strategy of Bitcoin accumulation.
Related: Bitcoin can eliminate USD 15 billion in shorts with a 10% enhance in BTC prices – data
The strategy remains the largest known owner of Bitcoins
Bitcoin Treasuries show that the company’s shares make it the largest known Bitcoin owner, overshadowing the amount of bitcoins in the United States and China. Strategy resources are also almost 12 times larger than the second largest BTC handle, Bitcoin Miner Mara Holdings.
The strategy is closely related to Bitcoin, and many investors perceive the company as a corporate packaging in the field of Bitcoin.
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