In a move that would make even the most jaded of capitalists swoon, Strategy has managed to rustle up a whopping $722 million, far exceeding its initial target of $500 million. It seems the world just can’t get enough of their crypto dreams.
This windfall, a veritable treasure chest, is destined to swell the company’s Bitcoin coffers, a quest led by the ever-optimistic Saylor. With a Bitcoin horde valued at more than $33 billion, Saylor’s firm is like a dragon sitting on a pile of digital gold. The new funds are the cherry on top, pushing them tantalizingly close to the mythical 500,000 Bitcoin.
Enter the Series A Perpetual Strife Preferred Stock, a beast of an offering with a juicy 10% annual dividend. No conversion options here, folks, just good old-fashioned dividends that pile up like a snowball rolling down a hill. Talk about a commitment to making the rich richer!
Strategy’s funding tactics have taken a turn, swapping senior notes for preferred stock, all in the name of avoiding debt while still hoarding more Bitcoin. It’s a strategy that would make a pirate blush, but hey, in the world of crypto, anything goes.
As Strategy inches towards the half-million Bitcoin milestone, its crypto clout under Saylor’s watchful eye grows stronger. With fresh capital in hand, Strategy is poised to tighten its grip on the crypto market and solidify its status as a corporate crypto overlord.
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2025-03-22 08:38