Michael Saylor Isn’t Backing Down — Even as Bitcoin and MSTR Sink
Strategy is raising capital via preferred stock offerings to continue accumulating Bitcoin despite falling prices for both Bitcoin and its own stock.Summary
Strategy (formerly MicroStrategy), led by Michael Saylor, is continuing its aggressive Bitcoin accumulation strategy by launching a new preferred stock offering (STRE). The company raised approximately $715 million through the sale of these shares, which offer investors a 10% annual dividend, to fund additional Bitcoin purchases and general corporate purposes.
This move comes at a time when both Bitcoin's price has dropped below $100,000, and Strategy's own stock has fallen over 27% in the past month, intensifying scrutiny over its corporate value being tied so closely to Bitcoin's volatility. This contrasts with Saylor's recent optimistic prediction that Bitcoin would reach $150,000 by year-end.
The latest capital raise underscores Saylor's unwavering faith in Bitcoin's long-term value, even as the market faces sharp downturns and liquidations, leaving Strategy's fortunes closely linked to Bitcoin's fluctuating price.
(Source：BeInCrypto)