Strategy, the largest business bitcoin holder in the world, plans to lift nearly a billion dollars thanks to a share offer to finance additional bitcoin purchases.
The company, managed by executive president Michael Saylor, plans to issue 11,764,700 shares of 10.00% of the series A perpetual actions privileged at a public supply price of $ 85 per share.
The strategy estimates the collection of approximately $ 979.7 million in the net product after deducting the discounts and subscription commissions for the expenditure on the company’s offer, according to an announcement of June 6.
The company plans to use the nearly a billion dollars for general business purposes, including the acquisition of Bitcoin and the working capital. “”
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The quadrupita move the increase of $ 250 million announced by the company and introduces a new financing route beyond its historical use of ordinary actions and convertible debt.
On the other hand, the perpetual privileged actions of the strategy will pay non -cumulative dividends of professional and institutional investors equal to 10% of the declared amount.
At the current price of $ 103,800 per Bitcoin (BTC), the billion dollars would allow the strategy to acquire an additional 9,633 BTC, much more than its last purchase of 705 bitcoin for $ 75.1 million announced on June 2.
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This is a history in development, and additional information will be added as it will be available.
