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21,021 Bitcoin Added to Strategy’s Treasury Following IPO

Strategy (Nasdaq: MSTR/STRK/STRF/STRD) closed its initial public offering (IPO) of 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (“STRC”) at $90 per share, raising approximately $2.521 billion. Estimated net proceeds totaled $2.474 billion after underwriting costs and expenses. The company used the net proceeds to acquire 21,021 bitcoins at an average price […] Also read: XRP Price Prediction: XRP Tipped For $4 Breakout — XLM and Remittix Could See 10x Gains on Its Heels