Strategy Raise $4.2B STRD, Boost Bitcoin Accumulation
Strategy, wey Michael Saylor dey lead am, don launch $4.2 billion at-the-market offering of Series A Perpetual Stride Preferred Stock (STRD) at market price. The STRD preferred stock dey give 10% dividend and e no get fixed maturity. Dem go use the money buy more Bitcoin, pay dividends, and cover operational costs. The company stop weekly Bitcoin purchases from June 30 to July 9 after dem do $980 million underwritten offering early July. Strategy hold 597,325 BTC (about 3% of supply), worth $64.4 billion wit $22 billion unrealized gains. Dem plan to sell shares gradually to avoid supply shocks and limit stock wahala. Analysts talk say demand for Bitcoin dey strong but warn say leverage and equity dilution fit make market wahala worse if price drop.
Bullish
For short term, Strategy $4.2 billion STRD offering dey show say dem dey gather Bitcoin again, wey fit increase demand and support BTC price. Dem dey issue preferred stock for market price, then use the money buy Bitcoin, dis one reduce sudden supply shock and show say dem get mind to gather, wey traders dem see as something wey go make market go up. For long term, big leverage and equity dilution fit make volatility kpai if Bitcoin price scatter, but the whole mind to increase holdings show say institutions still trust Bitcoin. To balance funding cost with dividend wahala fit make profit small, but e still show say Bitcoin na strategic asset. So, the news generally good for Bitcoin.