🚨 BREAKING !!!
STRATEGY MAY SELL UP TO $5 BILLION IN BITCOIN - AROUND 10% OF ITS BTC HOLDINGS 📉💰
• BTC Sale Authority: Strategy (MicroStrategy) stated it may sell up to $5 billion worth of Bitcoin, equivalent to approximately 10% of its current BTC holdings if necessary.
• Reason: The company has struggled to push the preferred stock STRC price to $100. If needed, it could sell BTC to repurchase STRC preferred shares.
• Use of Proceeds:
• Increase cash reserves to $1.25 billion
• Cover approximately $1.76 billion in annual dividends and interest expenses
• Repurchase up to $2 billion of common and preferred shares (STRC)
• Note: This is not an immediate sale plan, but only the maximum authorized amount if required.
$BTC $MSTR $HOME
STRATEGY MAY SELL UP TO $5 BILLION IN BITCOIN - AROUND 10% OF ITS BTC HOLDINGS 📉💰
• BTC Sale Authority: Strategy (MicroStrategy) stated it may sell up to $5 billion worth of Bitcoin, equivalent to approximately 10% of its current BTC holdings if necessary.
• Reason: The company has struggled to push the preferred stock STRC price to $100. If needed, it could sell BTC to repurchase STRC preferred shares.
• Use of Proceeds:
• Increase cash reserves to $1.25 billion
• Cover approximately $1.76 billion in annual dividends and interest expenses
• Repurchase up to $2 billion of common and preferred shares (STRC)
• Note: This is not an immediate sale plan, but only the maximum authorized amount if required.
$BTC $MSTR $HOME