Strategy plans to sell shares worth $ 2.1 billion to expand the Bitcoin stocks

Strategy, Microstrategy's new brand, is preparing to take up to $ 2.1 billion by selling preferred shares to further expand its Bitcoin portfolio.

This Step It is done at a time when Bitcoin has reached new highs and temporarily reached $ 111,861.

The company will gradually sell its 10 %permanent preferred shares of series A, which are traded under the abbreviation Strf on the Nasdaq, as part of an open agreement with TD Securities, Barclays Capital and The Benchmark Company.

The offer does not include a fixed sales destination, so that Strategy can react flexibly to the market conditions. Each share has a liquidation advantage of $ 100 and an annual dividend of 10%, subject to the approval of the board.

Strategy is currently holding 576,230 BTC, which have been acquired since 2020 and is now a value of almost $ 64 billion-a significant surcharge compared to the original average purchase price of $ 69.726. Bitcoin now accounts for more than half of the company's market capitalization of $ 111.4 billion.

The proceeds from the sale of shares are used for general business purposes and other Bitcoin purchases. The brokers commissioned by the sale receive a commission of up to 2% of the total sales value. No money is kept in trust.

In view of the Bitcoin boom and the doubling of Strategy's commitment, the company remains one of the most committed Bitcoin owners worldwide.