Another day, another $ 543 million to plow in Bitcoin. Of 471,107 BTC so far on the balance Biggest company holder From the number one crypto, which only fails, only from Binance, the American spot Bitcoin ETFs and Satoshi Namakoto itself. For his part, former micro strategy CEO and vocal Bitcoin lawyer Michael Saylor compete for the first place in the Hodlers’ Hall of Fame for the largest cojones.
Series A Eternal Preference stock
The public traded American software company will collect the funds to buy Bitcoin by selling 7.3 million shares of its 8.00% Series A Petual Preferred Stock, of which it expects the funds (about $ 563 million) to generate to the Aggressive Bitcoin acquisition of the company to feed strategy.
According to January 31, 2025 editionThe preferred share offer is expected to be taken on 5 February and will offer micro strategy with a considerable war box to pursue its goals.
A target of $ 49 million per bitcoin
Recently, 21-year-old prospects for Bitcoin, Saylor confidently A “Beanboard” of $ 3 million per coin and a “bull’s case” of $ 49 million, based on an annual growth rate of 21% and 37% – FAR lower than the annual growth rate of Bitcoin in the past decade.
At a time when the steel wind has never been so stormy for Bitcoin, even a nation-state race to collect it actively, the price needle of most Bitcoin bulls is not as high as $ 49 million, but Saylor is not most Bitcoin bulls . And micro strategy is not like most software companies.
The decision to use the yield to buy more Bitcoin is perhaps the clearest indication so far from his confidence in the long -term potential of the active and the astonishing growth of the value.
$ 100 per share with dividends of 8% per year
The eternal preferred stock of MicroSstrategy will have a liquidation judge of $ 100 per share and cumulative dividends with a fixed rate of 8.00% per year. Perpetual Preferred Stock Holders have the right to convert their shares into the ordinary shares of MicroStrategy A in MicroSstrategy at an initial conversion rate of 0.1000 shares per share.
The offer is managed by a trade union of banks, including Barclays, Moelis & Company LLC, BTIG, TD Cowen and Keefe, Bruyette & Woods – of which no Bitcoin keeps as a balancedactive for the time being.
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