Strategy Plans Euro Share Sale to Boost Bitcoin Holdings

Cryptocurrency finance company Strategy has announced plans to sell new shares in Europe. The company hopes to use the funds to buy more Bitcoin and continue its long-term cryptocurrency trading.

Strategy has filed to offer 3.5 million shares under the ticker STRE. These shares are priced at €100 per share and are intended for professional investors only. Private investors in the European Union and the UK will no longer be able to buy them.

The stock pays an annual dividend of 10%. Payments are made quarterly. The company says the funds raised will be used to purchase Bitcoin and support business needs.

A model built on Bitcoin

Since 2020, the strategy has followed a simple plan: raise funds and buy Bitcoin. This model was started by founder Michael Saylor. His idea is that Bitcoin is a better long-term store of value than cash.

So far, the plan has made the company the largest public holder of Bitcoin. Strategy currently owns 641,205 BTC worth tens of billions of dollars. We recently added an additional 397 Bitcoins for the start of November.

Many other companies have also copied this idea. They are also raising funds to build large digital asset reserves including Bitcoin and Ether. But some analysts worry that too many companies adopting the same approach could put pressure on the market.

stay focused

Saylor recently told investors that Strategy’s plans remain unchanged. He said the company will continue to raise capital, strengthen its balance sheet and purchase Bitcoin. Strategy also said it has no plans to merge with another company or acquire a competitor.

Major banks including Barclays, Morgan Stanley, Morris and TD Securities will help manage the new stock sale.

Strategy’s move shows that confidence in Bitcoin continues even as market conditions change. The sale of new shares shows strong demand from institutional investors and the company continues to move towards owning more BTC.

Strategy Plans Euro Share Sale to Boost Bitcoin Holdings

Disclaimer

The information provided by Altcoin Buzz does not constitute financial advice. It is for educational, entertainment, and informational purposes only. All opinions and strategies shared are those of the writer/reviewer, and their risk tolerance may differ from yours. We do not accept any responsibility for any losses you may incur as a result of investments related to the information provided. Bitcoin and other cryptocurrencies are high-risk assets. Therefore, please conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.

The article Strategies Plans to Sell Euro Stocks to Boost Bitcoin Holdings first appeared on Altcoin Buzz.

Leave a Reply

Your email address will not be published. Required fields are marked *