Saylor hints at impending BTC purchase after latest capital raise
Michael Saylor, co-founder of Strategy, has indicated a potential new Bitcoin acquisition following the company's recent capital raise through a preferred stock offering. After a buying pause that lasted two weeks, Strategy acquired 130 BTC on March 17, increasing its total holdings to 499,226 BTC. Saylor teased this upcoming transaction with a post on X, suggesting the company is looking to further expand its Bitcoin portfolio. The recent stock offering was priced at $85 per share and is expected to generate approximately $711 million in revenue for Strategy. Additionally, Saylor has been vocal about encouraging the U.S. government to purchase a significant portion of Bitcoin by 2035 and to establish a comprehensive regulatory framework for digital assets. Despite market fluctuations, Strategy's Bitcoin investments have yielded over 28% gains, amounting to over $9.3 billion in unrealized profit.
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