Home » Strategy Raises $500M to Buy on Predicted Bitcoin Crypto Recovery

Strategy Raises $500M to Buy on Predicted Bitcoin Crypto Recovery

by Brandon Duncan


Strategy, a well-known company co-founded by Michael Saylor, announced a $500m stock sale to buy more Bitcoin. This is showing their strong belief in crypto, especially in Bitcoin. Many investors believe this will start the next crypto pump as MSTR stock pumps alongside Bitcoin.

People believe this will open new opportunities to invest in both MSTR stock and

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. This is a strategic move that will expand Bitcoin holdings of the company. With this move, Michael Saylor is reinforcing his belief in Bitcoin and its future as a digital currency.

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Strategy Plan to Buy More Bitcoin

For many years, Michael Saylor has been leading MicroStrategy to buy Bitcoin. The company is constantly raising more and more money to add more Bitcoin to its portfolio. The latest one is its $500 million stock sale. This will increase its bet on Bitcoin and prove that Michael Saylor and Strategy are the biggest supporters of digital assets, especially Bitcoin.

The latest purchase is for a whopping ~$10.7M that brings another 130 Bitcoins. With that, they are cementing themselves as one of the biggest companies holding Bitcoin.

The way they are funding this purchase is through a new form of perpetual preferred stock called Strife. This will give a huge advantage to the institutional investors because they are going to have 10% interest that will be paid 100 days after the deal. That is 2 % more than the Strike offering that happened in January this year.

Bitcoin holdings of the company are currently worth more than $41.4 billion. Recent purchase grew their Bitcoin portfolio by 0.026%. Looks like Michael Saylor, as the face of Strategy, won’t stop any time soon with buying more Bitcoin. Given the recent decrease in MSTR stock price by 5.5%, they are still doubled in value for the last two quarters.

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Is This the Perfect Timing for Crypto to Pump?

This decision comes at a crucial time, right after Bitcoin started to recover from a recent drop. That gives investors and crypto enthusiasts hope that another rally is on its way. Although this is a risky move from Saylor, this will pave the way to see higher prices for MSTR stock, which is often followed by the Bitcoin price.

Strategy in the face of Michael Saylor raises $500M buy more Bitcoin and lead to new crypto heights of MSTR stock and pump crypto.

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Investors are watching Strategy closely. They see it as the leading company that invests in Bitcoin. Given the tight relationship between MSTR stock and Bitcoin means if Bitcoin price pumps, MSTR stock will follow accordingly.

On the other hand  Strategy plan is very aggressive and risky. The company has borrowed a lot of money to buy Bitcoin, and if its price drops, it can face some financial difficulties.

However, Michael Saylor believes the Bitcoin price will keep rising over time and gives protection against inflation and economic troubles. With this move, Michael Saylor and Strategy are showing that they are among the biggest Bitcoin believers, which will lead to big profits for the company and investors.

Latest Strategy move $500 million stock sale is another major step in its Bitcoin journey. Michael Saylor believes that Bitcoin is the best alternative for a store of value. Will this move help Bitcoin and crypto pump, or will it add more risk to the Company? Only time will tell, but it is clear that Strategy and Michael Saylor are fully committed to Bitcoin.

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Key Takeaways

  • Strategy and its plan to buy more Bitcoin. MSTR stock?
  • Does Strategy know something? Will Crypto pump soon?
  • The post Strategy Raises $500M to Buy on Predicted Bitcoin Crypto Recovery appeared first on 99Bitcoins.





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