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The company Strategy, the largest publicly traded corporate holder of the leading cryptocurrency, intends to raise approximately $44 billion to enhance its investments in Bitcoin. The funds are expected to be secured through a stock offering.
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According to a report filed with the U.S. Securities and Exchange Commission (SEC) on Form 8-K, the firm plans to generate $21 billion through the sale of common shares of MSTR. An additional $21 billion is projected to be raised via the issuance of perpetual preferred shares Stretch (STRC) with higher yields. Furthermore, the company anticipates attracting around $2.1 billion through the issuance of Strike shares, another type of perpetual preferred securities. The timeline for the securities offering has not been disclosed.
Currently, Strategy holds 762,099 BTC in its wallets, with an average acquisition price of approximately $75,000. Under the present market conditions, the unrealized loss on this position is about 6%.
Recently, the company announced the purchase of 1,031 BTC for a total of $76.6 million.
