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.