MicroStrategy don launch STRC wey pegged for $100 to fund Bitcoin buys
MicroStrategy don launch one IPO wey get 5 million Series A Variable-Rate Perpetual Stretch Convertible Preferred Shares (STRC Preferred Stock) wey get $100 face value. Each STRC Preferred Stock na e dey pay monthly dividend for annual rate wey dey start for 9%, e dey adjust every month to keep balance near $100—like one synthetic stablecoin. The money wey dem go collect go help fund operations plus buy more Bitcoin, after MicroStrategy raise $4.2 billion for at-the-market equity. As soon as STRC come out, di company buy Bitcoin worth $740 million at average price of $118,940 per coin. Analysts dey call STRC Preferred Stock new way to turn fiat into Bitcoin, expect say e go increase institutional money flow and support strong demand. Even tho the perpetual type and dividend wahala make am complex, the offer join traditional finance and digital assets and e fit boost Bitcoin liquidity and how corporate treasury take use am.
Bullish
By launching di STRC Preferred Stock, MicroStrategy dey secure extra capital wey dem earmark specially for Bitcoin purchases. Dis new funding channel go increase institutional demand plus liquidity, fit make Bitcoin price rise for short term afta immediate $740 million acquisitions. For long term, di synthetic stablecoin–like structure wey variable-rate preferred shares get fit attract corporate treasury and institutional investors wey dey find stable yield plus Bitcoin exposure. Even though e get wahala like dividend variability plus regulatory uncertainty, di positive market reception and dis one fit set new precedent dey make dis development good for Bitcoin price path.