The strategy, starting the world’s largest corporate bitcoin holder, is starting a new type of stock offering, which aims to raise more money to invest in the world’s first cryptocurrency.
Michael Siyar’s strategy announced a plan to offer an initial public offering of 5 million shares of the convertible rate series of the strategy, which is a permanent stretch preferred stock (STRC).
Strategy “For general corporate purposes, for acquisition of bitcoin and working capital” will use pure income for general corporate purposes, ” Announced On Monday.
Unlike the previous offerings, STRC stock will deposit the cumulative dividend at a variable rate at a declared amount of $ 100 per share. The initial monthly regular dividend will be 9% annually.
Two weeks after the announcement, the strategy offered a $ 4.2 billion market (ATM) on July 7, which serves as an equity-razing mechanism, designed to enable the firm to sell newly issued shares to buy more bitcoins (BTCs).
The new offering will be available for “select investors,” through an initial public offering (IPO) Silar Said in Monday X Post.
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Strc Dividend Stock to do similar trade for a synthetic stabecoin?
The declaration of the announcement aims to “adjust the monthly regular dividend rate per year per year, as the strategy believes STRC stock is designed to trade at prices, which is close to or close to its declared amount of $ 100 per share,” the announcement said.
According to Bitcoin author Adam Livingston, this mechanism makes Strc Stock “adapted to convert fiat in bitcoin in velocity for” new financial life “.
Livingstone wrote in Monday X, “The strategy can trade with a synthetic stabelcoin yield near $ 100 equal near $ 100 every month.” PostAdd:
“You are not buying stock. You are buying a yield-targeted bitcoin drain.”
This mechanism “attracts fiat through the yield” and “will enable” to “attract the dollar-dollar average” in bitcoin, the author said.
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Indicating more confidence in the price trajectory of bitcoin, new stocks were offered after purchasing bitcoins worth $ 740 million on Monday, which was bought a bitcoin worth $ 740 million on Monday.
Adam Back, Blockstream co-founder and CEO and according to the inventor of Hashashsh, bitcoin-focused treasury companies like Strategy and Metaplanet strategy and metaplanet, bitcoin can become an opportunity for $ 100 trillion market.
Written back on 26 April, “A permanent and scalable $ 100-$ 200 trillion trade front-collecting hyperbitcinification. Skalable is sufficient for the largest listed companies to visit BTC Treasury.” Post,
https://www.youtube.com/watch?v=alc2u0ynfca
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