Disclaimer: The analyst who wrote this piece owns shares of Microstrategy (MSTR).
Microstrategy (MSTR) brought its Bitcoin assets to 471,107 after the accumulated chips week. At the same time, the company announced a privileged offer of shares of around $ 250 million, because it has opened a new front to gather a budget to buy even more BTC.
The company, directed through executive president Michael Saylor, announced that perpetual preferred shares (STRK) will have a liquidation preference of $ 100. Each STRK unit is, first of all, convertible into a tenth part of a central cement of Class A, common class A shares, either establishing an implicit conversion for a value of $ 1,000 consisting of the A. STRK class action will also pay a cumulative cumulative dividend of $ 8 consistent with the consistency center, according to Saylor .
The announcement reached after Microstrategy higher its Bitcoin holdings during the consecutive week.
During the week ending Jan. 26, the company acquired 10,107 BTC, bringing its overall battery to 471,107 BTC, Saylor wrote in an article about X. The Acquire, with an average value of $105,596 consistently with BitcoinArray higher, the overall average acquisition of the overall acquisition of the general acquisition. Microstrategy at $64,511 to $64,511.
Saylor has delivered Sunday’s announcement, as he has in recent weeks, posting, “Avoid thinking about tomorrow. “
On Jan. 21, MicroStrategy shareholders approved a building in the number of non-unusual Class A shares that are allowed at 10. 3 billion of 330 million shares.
Microstrategy has also presented a combined recording of the canteen that now includes: Debt titles, privileged movements, mandates and deposit movements, in addition to elegance movements A.
UPDATE (Jan. 27, 13:21 UTC): Adds details on MicroStrategy’s mixed securities registration. UPDATE (Jan. 27, 13:40 UTC): Adds details on firm’s preferred share offering.