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Michael Saylor’s Strategy Boosts STRC IPO, Targets More Bitcoin
In a move that is likely to send shockwaves through the cryptocurrency market, Michael Saylor’s firm, Strategy, has announced an unprecedented increase in its preferred stock offering from $500 million to a staggering $2 billion. This massive influx of capital will be used to further boost its already substantial Bitcoin holdings.
The recent surge in investor demand for STRC shares is not surprising, given the company’s unrelenting commitment to expanding its Bitcoin treasury. With this new funds injection, Strategy will undoubtedly continue to push the boundaries of what is possible in the world of cryptocurrency investments.
Strategy’s relentless pursuit of increasing its Bitcoin reserves has led to the company now holding an impressive 607,770 BTC. This makes it a clear market leader in corporate Bitcoin holdings, with MARA Holdings lagging behind significantly at approximately 50,000 BTC.
Despite this remarkable expansion, Strategy continues to show no signs of slowing down its capital raises and acquisitions. The stock remains relatively stable, trading near $413, although experiencing a minor drop of 8% from the week’s high of $445. Despite this dip, STRC shares have still enjoyed an impressive year-to-date gain of over 37%.
With Michael Saylor at the helm, Strategy has undoubtedly become a dominant force in the cryptocurrency market, with its Bitcoin treasury serving as a benchmark for other institutional investors.
Source: coincentral.com
