Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 103867
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13286
Cryptocurrencies
63.66%
Bitcoin Share
ZyCrypto 2025-06-06 19:30:46

Michael Saylor’s Strategy Takes A Shot At The Moon With Latest $1 Billion Bitcoin-Buying Tactic

Michael Saylor’s Strategy Takes A Shot At The Moon With Latest $1 Billion Bitcoin-Buying Tactic

Strategy, formerly known as MicroStrategy, has quadrupled its previously announced $250 million offering of perpetual Stride preferred stock, or STRD, as a new funding avenue for its Bitcoin investments. Strategy Upsizes Stock Offering To $1 Billion According to a June 6 press release , the Bitcoin treasury company will sell 11.76 million shares of its 10% Series A Perpetual Stride Preferred Stock (STRD), expecting to bring in an estimated $979.7 million after fees and expenses. STRD, which comes after Strategy’s other preferred offerings STRF and STRK, will be offered to the public at $85 per share, with the sale set to close on June 10. Strategy said the product will pay professional and institutional investors a 10% non-cumulative dividend. The company plans to use the almost $1 billion in net proceeds for “general corporate purposes, including the acquisition of Bitcoin and for working capital.” “It’s our high-yield credit instrument,” Strategy co-founder and Executive Chairman Michael Saylor said in a video that he posted on X earlier this week while referencing STRD. “Compared to STRK or STRF, it should be a higher-yielding preferred instrument.” During a presentation, Saylor shared a graphic indicating that STRD, which is listed on the Nasdaq, has “limited” sensitivity to the price of Bitcoin. In terms of senior status, STRD investors rank behind STRF and STRK’s holders, but they come before common shareholders. “STRD represents the fourth gear in our Bitcoin engine,” he continued. “The point of our engine is to generate BTC torque via surgical management of our [at-the-money offering programs].” Strategy now holds an eye-popping 580,955 BTC, worth over $60 billion, bought at an average price of $70,023 per coin. That’s the equivalent of almost 3% of Bitcoin’s total 21 million supply. At the apex crypto’s current price of $105,063, the $1 billion would allow the Bitcoin development company to purchase an additional 9,518 BTC, considerably more than its latest purchase of 705 Bitcoin for $75.1 million announced on June 2.

Most Read News

Moralis Money
Market Cap
24h Vol
63.66%
Bitcoin Share
292
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.