Strategy announces a colossal lifting of $ 4.2 billion to buy more bitcoin

Strategy, ex-microstrategy, intensifies his bet on Bitcoin with a record lifting of $ 4.2 billion via PERPERTUAL ACTIONS STRD at 10 %. Under the leadership of Michael Saylor, the firm strengthens its accumulation strategy despite a remarkable break in its BTC purchases. This tactical turn, between search for liquidity and financial optimization, marks a new phase in the controversial alliance between traditional markets and cryptos.

A strategic lifting of 4.2 billion via the Strd program

While Michael Saylor sees Bitcoin (BTC) at 3 million dollars thanks to an ingenious financial model, Strategy announced on Monday an issue of $ 4.2 billion via its new perpetual preferential action program: STRD (Series A Perpetual Stride Precferred Stock).

This is an offer “AT The Market” (ATM), in other words a sale of securities made gradually on the market, depending on the prices and liquidity available at the time of each transaction.

“The strategy plans to sell preferential actions Stride in a gradual and strategic way, taking into account the market price and the volume of negotiation at the time of each sale”has noted The company in its official press release.

This lifting is part of a global framework for the diversification of the financing instruments used by Strategy. The main characteristics of this STRD emission are as follows:

• The total amount targeted: up to $ 4.2 billion raised via the ATM program;

• The type of title: STRD perpetual preferential actions, with a fixed annual return of 10 %;

• The sales method: on market demand, via conventional or negotiated transactions;

• The planned use of funds: the acquisition of Bitcoin, the general needs of the company, the payment of dividends on the other preferential actions in circulation, in particular the STRK (Strike) and STRF (Strife), without forgetting the strengthening of the working fund.

This approach allows Strategy to keep flexibility in the management of its levies, by adjusting volumes according to market conditions. This STRD lifting complements the programs already underway, in particular the sales of MSTR ordinary action and the other series of preferential actions.

It allows the firm to lastingly feed its ambition to remain the largest institutional holder in Bitcoin.

A break in BTC purchases

In a separate declaration made public also this Monday, the firm of Michael Saylor confirmed having suspended his bitcoin purchases between June 30 and July 6, a break which broke with the sustained pace observed in the last three months.

According to information published in An 8-K form Placed with the SEC, this is the first interruption since the period from March 31 to April 6, on the eve of the publication of the first quarter results.

This break is significant because it intervenes while the company still has 597,325 bitcoins, the equivalent of more than $ 65 billion during the current course. The average cost of acquiring this reserve is $ 70,982 per Bitcoin, for a total invested by around 42.4 billion dollars, including the costs.

In parallel, Strategy published its financial results for the second quarter. She declared a latent added value of $ 14.05 billion on her cryptos, compensated, however, by a delayed tax burden of $ 4.04 billion.

During the closed quarter on June 30, the firm raised a net total of $ 6.8 billion via sales of its ordinary MSTR shares, and preferential actions Strk and Strf. The STRD program therefore takes over from a financing mechanism which has demonstrated its ability to generate large -scale capital.

These different programs are part of the “42/42 plan”a project to raise $ 84 billion by 2027, double the plan initially named “21/21”.

The suspension of Bitcoin purchases can be interpreted in several ways. On the one hand, it could point out a desire to delay before a new accumulation cycle, pending better market conditions or finalizing the new levees. On the other, this decision coincides with contrasting financial publications and could indicate a cautious management of cash flows. In all cases, the launch of the Strd program shows that Strategy remains engaged in its long-term strategy focused on Bitcoin as evidenced by the 10,100 bitcoins bought cash in the middle of the Middle East, while adapting its financing tools to the economic and regulatory context of the moment.