MicroStrategy Don Boost Dem Bitcoin Holdings Reach 582,000 BTC Wit $1 Billion Equity Raise, Still Keep Institution Confidence
MicroStrategy, under di executive chairman Michael Saylor, don sharply increase dia Bitcoin holdings wit two recent buys wey total up to 1,750 BTC, worth pass $185 million. Dis one make di company hold total of 582,000 BTC, wit market value of about $62.7 billion and average buy price of $70,086. Di company aggressive way of dey collect Bitcoin don bring estimated profit of $21.9 billion wey neva fully realize yet. To fit still buy more and improve im balance sheet, MicroStrategy launch $1 billion preferred stock offering, dem issue 11.76 million Series A Perpetual Preferred Shares wey get 10% annual non-cumulative dividend. Dis move from debt finance to equity finance na to attract big institutional investors wey wan steady profits but no wan direct crypto exposure. Saylor come confirm say Bitcoin na beta long-term store of value pass traditional assets. Dis strategic move show say MicroStrategy dey lead for corporate Bitcoin holdings, fit affect other big institutional investors, plus fit change Bitcoin market liquidity, trading volume, and overall feeling, wey mean say institutional interest still dey rise.
Bullish
MicroStrategy recent big Bitcoin purchases dem plus di launch of $1 billion preferred stock offering dey confirm say dem be di biggest corporate holder of Bitcoin and show sey dem still dey aggressively committed as institution. Di move from debt to equity financing show sey dem wan attract investors wey no like risk, fit make more institutions join. Di company dey keep buy BTC reduce di amount wey dey market and boost trader confidence, wey dey usually make price dey rise. Historically, similar big institution accumulation and smart capital strategies don support market sentiment and give Bitcoin bullish momentum. Dis development fit keep positive expectations for Bitcoin both short-term and long-term.