Strategy Raises $715 Million in Europe to Buy More Bitcoin
Strategy has successfully raised $715 million through its latest offering of perpetual stream preferred stocks (STRE), aimed at European investors. This offering, priced lower than initially expected, is designed to generate significant funds for operational expenses, including the acquisition of additional Bitcoin. Presently, the company holds 641,205 Bitcoin, valued at approximately $64.6 billion. The preferred shares will be traded on the Euro MTF Luxembourg exchange, a first for the company. With the recent fall in Strategy's share price—down 3% to $230—interest in their Bitcoin assets remains high. Strategy's co-founder, Michael Saylor, stated that STRE offers a fixed 10% dividend, aligning with their goal of sustaining Bitcoin as a core asset. Despite fluctuations in Bitcoin pricing, momentum appears to remain, with analysts observing net inflows into Bitcoin investments, signaling continued confidence in the market.
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