Michael Saylor’s Strategy to raise up to $21B to purchase more Bitcoin
10 Março 2025 - 9:30AM
Cointelegraph
Michael Saylor’s Strategy, the world’s largest public corporate
Bitcoin holder, is looking to raise up to $21 billion in fresh
capital to purchase more BTC.
On March 10, Strategy officially announced
that it entered into a new sales agreement that would allow the
firm to issue and sell shares of its 8% Series A perpetual strike
preferred stock to raise funds for general corporate purposes,
including potential Bitcoin (BTC) acquisitions.
As part of the agreement deal, dubbed the “ATM Program,”
Strategy expects to make sales “in a disciplined manner over an
extended period,” taking into account the trading price and volumes
of the perpetual strike preferred stock at the time of sale.
“Strategy intends to use the net proceeds from the ATM Program
for general corporate purposes, including the acquisition of
Bitcoin and for working capital,” the firm said in the filing with
the Securities and Exchange Commission (SEC).
The announcement comes amid Strategy holding
499,096 BTC ($41.2 billion), which it acquired for an aggregate
amount of $33.1 billion at an average price of $66,423 per BTC.
The company previously disclosed plans to issue and sell shares
of its class A common stock to
raise up to $21 billion in equity and $21 billion in
fixed-income securities over the next three years in order to
accumulate more Bitcoin under its “21/21 plan.”
This is a developing
story, and further information will be added as it becomes
available.
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