Michael Saylor’s Mstr to buy more Bitcoin, and raise up to $ 21b via strk

On the sidelines from buying additional Bitcoin (BTC) for the past few weeks, Michael Saylor’s Strategy (STRK) is by it again.

At the beginning of Monday, US HOURS announced a $ 21 billion dollars on the market (ATM) offer of its Serie A-Publiced ​​stock (STRK) whose proceeds would mostly be used to buy additional Bitcoin.

The news gave a small boost to Bitcoin, which – in the middle of another panicful Sunday session – traded as low as $ 80,000 a few hours ago. It is currently changing hands on just over $ 83,000.

Strategy by one kilometer is the largest business owner of Bitcoin, with just shy over 500,000 tokens worth about $ 42 billion at Bitcoin’s current award.

If MSTRs were to take full advantage of this plan, which is likely to be a significant period, the total annual dividend payment would be approx. 1.68 billion dollars. Yield payments would probably need to be financed through additional joint equity healing capital and/or cash generated from the strategy’s operational business activities.

Mstr shares are lower by 5.5% in the premarket action and down approx. 50% from a record high hit in late November.

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