The strategy increases stock supply to $ 711 million, plans more Bitcoin

The strategy, which is previously known as a microstrate, raised 711.2 million dollars with co-preferred supplies, with most funds intended for additional Bitcoin purchases.

Company per price 10.00% Series is an eternal quarrel that is a desirable stock to $ 85 per share, offering 8.5 million shares. Sales are expected to close 25. Marta, during standard regulatory conditions.

Initially, it was set to $ 500 million, the offer increased due to severe demand of investors.

Net income, after revocation of fees for transferring fees and bid costs, are estimated at 711.2 million dollars.

The strategy said the funds would be used for “general corporate purposes, including the purchase of Bitcoin and for working capital”.

“We strategically accumulate bitcoin ‘

Preferred shares have 10% of the year’s dividend, paid quarterly in cash. If the strategy misses the payment dividend, the complex dividends will be collected by a higher rate, starting 11% and increases by 1% each quarter, up to a maximum of 18% per year.

The company reserves the right to redeem All extraordinary desirable actions if less than 25% of the originally issued shares remained or if certain tax related events occur. Holders will also be entitled to request redemption if the “basic change”, such as change in control, takes place.

This is the second great big large capital elevated in recent weeks. 17. Marta, Company discovered It bought 130 BTC for $ 10.7 million using income from previously preferred sales supplies.

The strategy has It was aggressively conducted him Bitcoin (Btc) Straiznica from 2020. years, pretending its balance sheet in BTC.

“We strategically accumulate Bitcoin and advocate its role of digital capital,” the company said. The company also continues to develop ai-ai-pozered enterprise analytics tools along with its BitCoin estates.