Bitcoin, Dow and Stock Market
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Bitcoin (BTC-USD) forged to a new high on the 15th anniversary of the first commercial transaction that used the world's first cryptocurrency.
The MSTR Stock price is up over 2% at the open of today's session following Strategy's plans to raise $2.1 billion to buy more Bitcoin.
Strategy has launched a $2.1 billion At-The-Market (ATM) equity program for its Strife (STRF) preferred stock, marking another step in the firm’s long-term
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Michael Saylor's Strategy has announced plans to raise as much as $2.1 billion through the sale of its 10% Series A Perpetual Strife Preferred Stock.
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Strategy (MSTR) will issue and sell shares of its 10.00% Series A Perpetual Strife Preferred Stock for up to $2.1 billion. Strategy plans to sell the shares over a period of time, based on market conditions. Net proceeds will be used for general corporate purposes, which may include the acquisition of bitcoin (BTC) and working capital.
Shares of KindlyMD, Inc. (Nasdaq: KDLY) soared over 30% on May 21 after the healthcare firm confirmed via an SEC filing that its shareholders have approved a high-profile merger with Bitcoin company Nakamoto Holdings.
Strategy, plans to raise $2.1 billion by issuing more preferred stock, a product that co-founder Michael Saylor described as a "crown jewel."
GameStop shares jumped as Bitcoin hit a record high, potentially fueled by retail enthusiasm. The company recently approved Bitcoin as a treasury reserve asset.