Strategy, formerly known as MicroStrategy announced on Monday it acquired Bitcoin worth $1.4 billion last week, according to Decrypt. Strategy now holds approximately 554,000 Bitcoin valued at $52.3 billion, according to a Securities and Exchange Commission filing. Strategy funded the acquisition primarily by selling $4 million worth of common shares and raising $37.5 million. Strategy’s “21/21 Plan” aims to raise $42 billion through equity and fixed-income offerings to buy Bitcoin, and the company is now over halfway through its three-year roadmap.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Strategy, formerly known as MicroStrategy, announced on Monday it acquired Bitcoin worth
00:06$1.4 billion last week, according to Decred. Strategy now holds approximately 554,000 Bitcoin
00:14valued at $52.3 billion, according to the Securities and Exchange Commission filings.
00:20Strategy funded the acquisition primarily through selling $4 million worth of common shares
00:24and raising $37 million. Strategy's 21-21 plan aims to raise $42 billion through equity and fixed
00:32income offerings to buy Bitcoin, and the company is now over halfway through its three-year roadmap.
00:38For all things money, visit Benzinga.com slash GSTV.