BREAKING
203d 8h ago

Strategy to Issue 500,000 Series A Preferred Shares to Boost Bitcoin Purchases and Corporate Growth

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

Strategy has announced a significant capital raise through the issuance of 500,000 variable-rate Series A perpetual preferred shares (STRC stock). This move marks the company’s initial offering of these preferred shares, aimed at strengthening its financial position. The proceeds from this issuance will be allocated towards general corporate purposes, prominently including the acquisition of Bitcoin to enhance its digital asset holdings. Additionally, the funds will support working capital requirements, ensuring operational flexibility. This strategic capital infusion reflects the company’s commitment to integrating cryptocurrency assets within its broader financial framework, aligning with evolving market trends and investor interests. Investors should note the variable-rate nature of these shares, which may impact yield dynamics in response to market conditions.

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