The strategy of Michael Saylor is to use all available tools to raise capital and build a massive Bitcoin reserve. On March 18, Strategy announced the launch of STRF ("Strife"), a new perpetual preferred stock offering, open to institutional investors and select non-institutional investors. The recent preferred stock series differs from the initial STRK in having a higher interest rate (10% versus 8%) and no common stock conversion clause.

Strategy stated that the funds raised from the offering will be used for the company's general purposes, including purchasing Bitcoin and working capital.

By Friday, Strategy announced the pricing of the Strife perpetual preferred stock (STRF), increasing the transaction size from $500 million to $722.5 million. In the initial offering, the company sold 8.5 million Series A Strife perpetual preferred shares at $85 per share, raising approximately $711.2 million. Initially, the company aimed to raise $500 million.

According to the latest information, the company owns over 499,200 Bitcoin, so the next Bitcoin purchase is expected to push Strategy's holdings to 500,000 BTC.

Strategy's co-founder and chairman, Michael Saylor, announced the company's latest move on Friday to buy more Bitcoin: raising $722.5 million through the sale of Strife Perpetual Preferred Shares.

In a subsequent tweet, Saylor wrote: "Everyone wants a winning strategy", which may explain Strategy's push to buy Bitcoin.

Under Saylor's leadership, MicroStrategy has established itself as one of the largest Bitcoin-holding organizations. The enterprise software company has transformed into a leveraged Bitcoin company and began purchasing since late October, with its current Bitcoin holdings valued at over $42 billion.

Strategy has outlined a plan to raise $42 billion in the coming years by selling securities to buy more Bitcoin and increasingly focus on fixed-income asset provision capabilities.

At the time of writing, Bitcoin price was trading at $84,174.

Disclaimer: The article is for informational purposes only and is not investment advice. Investors should thoroughly research before making decisions. We are not responsible for your investment choices.

Join Telegram: https://t.me/tapchibitcoinvn

Twitter (X): https://twitter.com/tapchibtc_io

Tiktok: https://www.tiktok.com/@tapchibitcoin

Youtube: https://www.youtube.com/@tapchibitcoinvn

Minh Anh