Strategy Bets Big on Bitcoin: $2.1B Stock Sale to Buy Even More BTC

TL;DR Strategy will gradually sell up to $2. 1 billion in preferred stock to finance new Bitcoin purchases. The company holds 576,230 BTC at an average cost of $69,726, with its holdings now valued at over $64 billion. The plan sets no minimum amount of stock to sell, allowing Strategy to adjust issuance based on market. . . source: https://crypto-economy.com/strategy-bets-big-on-bitcoin-2-1b-stock-sale-to-buy-even-more-btc/