Michael Saylors Bitcoin Juggernaut is back and buys near the heights with the type of capital markets.
Strategy, formerly known as Microstrategy Inc., announced on Monday that it bought $ 2.46 billion Bitcoin last week.
The company acquired token between July 28 and August 3, 021 and put its total stocks to 628,791 Bitcoin, according to a submission to the US Securities and Exchange Commission. This takes the value of the company’s Bitcoin -to more than 71 billion US dollars at current prices.
Saylor is fueled by steady stream of stock offers and debt transactions and has transformed its company for corporate software into Bitcoin’s dominant corporate buyers. The latest acquisition was at an average price of $ 117,526 per token. Data.
The step underlines how Saylor has made the financing of public amounts into a specialized vehicle to collect Bitcoin-and how the strategy keeps buying when prices hover near record levels. According to A, the strategy is far from the largest company owner of Bitcoin agree by BitcoinTreasuries.net and has stimulated a new industry from public companies according to a so -called strategy for the treasury, which is devoted to the purchase and maintenance of cryptocurrencies.
In order to finance the purchases, Saylor has used a combination of shared and preferred equity sales and debts. The company offers investors four different types of securities and, at the end of July Strategy reported an unrealized profit of 14 billion US dollars in the second quarter, which is due to a back rash in Bitcoin and a recent change in accounting, in which the company had to re -evaluate its Bitcoin stocks.
Saylor Recently promised It will not issue new ordinary shares with less than the 2.5 -time net value, except to cover debt interest or preferred dividends. This comes from critics like Jim Chanos expressed Considering the Bitcoin Holdings of the Premium strategy have the share price and the many security offers that the company offers.
The strategy share has increased by more than 3,000% since the first crypto purchase, which exceeds Bitcoin itself and important stock indices such as S&P 500 and Nasdaq 100. The first and second largest purchases took place in November last year of 5.4 billion US dollars and 4.6 billion dollars. According to company data.
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