Strategy to raise $21b via STRK stock for new Bitcoin buying spree

The strategy is to plan additional capital increases to finance Bitcoin purchases despite the recent market sliding and macro uncertainty.

The strategy, previously known as Microstrategy, plans to raise $ 21 billion thanks to its privileged class A strike actions while the company seeks to strengthen its investment portfolio. According to a deposit with the American securities commission and a business statementThe strategy will use the sales product to finance the general operations of companies, which could include more bitcoin (BTC) bought.

Offering STRK shares via a sales sale to the market is added to the existing ATM action program for the “21/21” roadmap, a plan to increase and invest $ 42 billion in BTC defended by executive president Michael Saylor.

Currently, Saylor’s company has around 499,096 BTC worth more than $ 41 billion. The strategy spent around $ 33.1 billion to acquire this massive BTC cache at an average price of $ 66,357, mainly funded by the capital raised by stock sales.

Strk, which is a perpetual privileged action, adds a new layer of flexibility for the strategy because it continues to buy BTC thanks to sales of action.

Perpetual privileged actions are not linked to a due date or a fixed buyout period such as obligations. Instead, vehicles like Strk pay a predetermined dividend to perpetuity, 8% in the case of the strategy, while the issuer remains in business. STRK investors can also exchange their assets for ordinary class A actions, although this process implies specific requirements and conditions.

In addition, the strategy can exercise a buy -back option for insufficient total allowance if the value of Strk decreases 25% below its initial value to the issue.

TradingView Data noted that Strk was down 2.1% at last week’s fence. The strategy has not seen a new patronage for its ordinary class A actions between March 3 and March 7, which means that the company will probably not disclose a new BTC acquisition this week.