Cryptocurrency
fromBitcoin Magazine
5 days agoStrategy (MSTR) Boosts Bitcoin Holdings By $255 Million
Strategy acquired 3,273 Bitcoin for $255 million, increasing total holdings to 818,334 BTC, representing 3.9% of total Bitcoin supply.
The offering is registered under the Securities Act of 1933 and marks Strive's latest move to expand its bitcoin holdings while addressing outstanding debt. Strive plans to use the proceeds from the offering, along with cash on hand and potentially funds from terminating certain derivative contracts tied to convertible debt, to repurchase or redeem all or a portion of the 4.25% Convertible Senior Notes due 2030 issued by its subsidiary Semler Scientific, Inc.