@sasha25
Benchmark defends Strategy’s equity sales for bitcoin accumulation, sees S&P 500 potential
Bitcoin treasury company Strategy came under fire recently for quickly dismissing its self-imposed constraint on issuing common equity shares to accumulate more BTC. The company's stock dropped more than 20% over the past few weeks before recovering in recent sessions.
Indeed, earlier Monday, Strategy (ticker MSTR) purchased another 4,048 bitcoin, bringing its total holdings to 636,505 BTC. The latest acquisitions were funded by proceeds from the issuance and sale of the company's Class A common stock, MSTR, and perpetual preferred stocks (STRK, STRF, and STRD).
https://www.theblock.co/post/369156/benchmark-defends-strategys-equity-sales-for-bitcoin-accumulation-sees-sp-500-potential