✉news BusinessCrypto first seen 7 h ago, last 7 h ago, peak #27
Strategy raises $246 million in stock sale for bitcoin buys
Original: A $246 million stock sale funded bitcoin buys and part of a share buyback at Strategy (MSTR).
Strategy, the bitcoin-focused company formerly known as MicroStrategy, sold $246 million worth of stock and used the proceeds to buy more bitcoin and fund part of a share buyback. The move continues the firm's long-standing practice of raising capital through equity sales to expand its bitcoin holdings, a strategy that keeps drawing attention from crypto investors and market watchers.
Why now: Strategy's ongoing bitcoin purchases and capital raises remain closely watched by crypto and equity investors.
Evidence
- A $246 million stock sale funded bitcoin buys and part of a share buyback at Strategy (MSTR). · Stock Titan
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