MicroStrategy Gather $2.52B through STRC IPO, Buy 21K Bitcoin
MicroStrategy don complete de biggest U.S. perpetual preferred share IPO for 2025, dem raise $2.521 billion by issuing 28 million STRC shares at $90 each with 9% dividend tied to 1-month SOFR. Di underwriters na include Morgan Stanley, Barclays, Moelis & Company and TD Securities. Di money plus buy 21,021 Bitcoin at average price of $117,256 per coin, wey raise MicroStrategy total Bitcoin holdings to 628,791 BTC (about 3% of circulating supply) with cost basis of $46.08 billion and market value near $80 billion. Bitcoin dey trade near $117,800, down 0.5% in 24 hours. Traders suppose watch MicroStrategy Bitcoin buying, upcoming Q2 results and Federal Reserve rate decision, because these kin things fit cause wahala for Bitcoin market.
Bullish
MicroStrategy record $2.521 billion STRC IPO plus di subsequent acquisition of 21,021 Bitcoin show say plenty institution demand and support dey for Bitcoin, fit make di price go up. Even though Federal Reserve rate decision wey dey come plus Q2 earnings fit cause short-term wahala for price, di big Bitcoin buy show say di long-term outlook dey positive as dem lock millions coins for di current price, reduce supply for future and make market feeling strong. Traders fit expect more buying pressure from MicroStrategy strategy, which fit be good catalyst for Bitcoin over time.