Strategy Upsizes $500 Million IPO To $2.5 Billion: Which Other Companies Are Buying Bitcoin?

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  Posted by Two Blokes Jul 25 - Filed in Crypto - 2 views
  
  Strategy (NASDAQ:MSTR) on Friday announced it has increased its initial public offering from $500 million to $2.521 billion to fund Bitcoin (CRYPTO: BTC) purchases. What Happened: The offering, priced on July 24, involves 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) at $90 per share, with net proceeds estimated at $2.474 billion after expenses.