“Strategy” buys more Bitcoin after announcing the offering of shares

“Strategy” company stated that it had bought Bitcoin for $ 10.7 million, a week after it announced plans to offer preferred shares of up to $ 21 billion to buy more digital currencies.

And a strategic company and was known as a strategic micro that has turned from a software company for institutions to an investment agent and headed by Michael Sailor, has been buying bitcoin regularly since late October.

The company announced its purchase, which bought 130 bitcoin units at an average price of approximately 82.981 thousand dollars from March 10 to March 16, according to a report submitted to the US Securities and Exchange Commission on Monday.

The value of its assets from Bitcoin amounted to about 41.6 billion dollars.

The issuance of the favorite shares will represent a crane for the company while seeking to secure $ 42 billion over the coming years by selling securities to buy bitcoin.

With an increasing focus on its ability to sell fixed -income securities after the market was flooded with regular shares.

The company moved to the use of shares and revenues to finance its purchases, and in October, a “strategic” plan announced its plan to raise capital worth $ 42 billion by 2027, to finance bitcoin purchases through market sales in the market and income -generating securities.

“This is a historic entry point because all the risks were disposed of from the original. You almost know that Wall Street will adopt it, and the American government will adopt it, and American banks will adopt them, which means that the rest of the banks will follow them,” Silor said at a conference held in Miami Beach, Florida on Monday.

The shares of “Strategy” company increased by 2,300% since Sailor began investing the company’s funds in Bitcoin as a means of hedging against inflation in 2020, while the value of Bitcoin increased by more than 600% during the same period.

The hedge boxes lead some demand for transferred debts that were put in public publications, as they circulate on the basis of buying bonds and selling shares on the open, which means betting on basic stock fluctuations.

“Strategic” shares decreased by about 3.7% to reach 286.52 dollars on Monday, and remained almost stable since the beginning of this year. While Bitcoin has decreased by 11% since December.

“The market is largely hesitant due to concerns about customs duties and the state of the American economy. We are in the area of ​​avoiding great risks. When this trend changes, I think Bitcoin will start strongly,” he added.