Bitcoin Treasury, Strategy Inc., which is leading the public offering, has submitted to the US Securities and Exchange Commission (SEC) to issue a large amount, namely:
- $21 billion in Class A common stock (MSTR)
- $21 billion in “Stretch” preferred stock (STRC)
- $2.1 billion in “Strike” preferred stock (STRK)
All in all, the group’s contributions amount to $44.1 billion, which the company intends to use to buy more Bitcoin (BTC).
After the news, MSTR closed at $138.20, having gained 1.87% during the trading session.
Source: MarketWatch
Strategy has announced a $44.1B stock sale of Bitcoin oil
The move It is part of the company’s broader 42/42 plan, which aims to buy 84 billion dollars of Bitcoin by the end of 2027. In this plan, Strategy raises funds to buy BTC through value offerings and issuing debt instruments such as corporate bonds.
Source: CryptoQuant
Historically, the same stock sale in October 2024 was followed by a price increase in Bitcoin, as shown by crypto expert Maartun.
Source: X
A year later, Bitcoin has crashed from $122K and has been hovering between $60-$75K. Strategy, however, is not worried about the volatility of the market, with its CEO, Michael Saylor, saying that the company will continue to buy Bitcoin “forever.”
Following a recent purchasesThe company now has 762,099 BTC in its assets, which is 3.6% of the total of 21 million BTC.
The price of BTC shares
At press time, BTC was trading at $70,942, up 4.04% in the last 24h, driven by five days. to descend Middle East geopolitical conflicts.
If the digital asset keeps its value above $70K, then a test of $72K-$74K is possible. Losing this support would mean a $68K refund.
In the past, Bitcoin is close to its last low before the start of interest. Crypto expert Ali suggests that October 6-16 will be a ripe entry period, and prices will be $45K.
Key events to watch for include the US-Iran conflict, inflation, interest rate announcements, and unemployment claims.
Trust CoinPedia:
CoinPedia has been providing accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our team of expert researchers and journalists, following strict Editorial guidelines based on EEAT (Effectiveness, Expertise, Validity, Trustworthiness). Each article is checked against a reputable site to ensure accuracy, visibility, and credibility. Our review process ensures an unbiased review when we develop exchanges, platforms, or tools. We strive to provide timely updates on all aspects of crypto & blockchain, from startups to industry executives.
Investment Disclaimer:
All opinions and information shared represent the author’s opinion on market conditions. Please do your own research before making any financial decisions. Neither the author nor the publisher is responsible for your financial decisions.
Offers and Promotions:
Sponsored content and affiliate links can be viewed on our website. Advertisements are clearly identifiable, and our content is not independent of our advertisers.
