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Just In: Strategy (MSTR) Eyes $21 Billion in Stock Offering to Expand Bitcoin Holdings
Strategy, a company known for its significant Bitcoin holdings, has announced plans to raise $21 billion through a stock offering. This move comes as no surprise, given the company’s history of capital raises and investments in cryptocurrency.
In February, Strategy made headlines by raising funds, which ultimately led to an increase in Bitcoin reserves. Now, the company is back at it again, with a goal to expand its Bitcoin holdings further. The $42 billion funding plan over three years remains unchanged, as it seems to be part of their long-term strategy.
As of now, Strategy holds 499,096 BTC, worth approximately $41.71 billion, with an average cost per BTC of $66,423. This position remains strong, sitting on a 25.83% unrealized gain. Furthermore, the stock performance has kept up at $274.11 per share, with a market cap of $74.7 billion.
It’s worth noting that Bitcoin makes up a significant portion of Strategy’s market capitalization, accounting for around 55.8%.
Source: https://u.today/just-in-strategy-mstr-eyes-21-billion-in-stock-offering-to-expand-bitcoin-holdings
