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Michael Saylor’s Strategy Boosts STRC IPO, Targets More Bitcoin
In a shocking move, Strategy has increased its preferred stock offering from $500 million to $2 billion in a bold effort to further grow its Bitcoin holdings. This aggressive strategy is aimed at solidifying its position as the largest corporate Bitcoin treasury globally.
According to reports, the company’s latest 6,220 BTC acquisition highlights its consistent accumulation approach. As a result, Strategy has taken a commanding lead over MARA Holdings, the second-largest holder of Bitcoin, with a significant gap separating the two.
It is essential to note that the increased offering will be used to purchase more Bitcoin, further solidifying Strategy’s position in the crypto market. This move underscores the company’s unwavering commitment to accumulating and expanding its treasury, as evident from recent purchases.
Source: coincentral.com
