Microstrategy announced a new $ 21 billion funding plan to expand Bitcoin investments. The company plans to obtain this large amount through stock sales. However, despite this announcement, MSTR shares continue to depreciate.
Microstrategy increases Bitcoin stocks with $ 21 billion
Microstrategy announced that it launched a new stock sales program to collect $ 21 billion. The company said it would mainly use this fund for the purchase of Bitcoin. The new shares will be available as “A Series Continuous Strike Preferential Stocks with a yield ratio of 8.00%.
It was announced that this sales will be realized over time in accordance with market conditions ”. The strategy team will direct sales by taking into account the share prices and transaction volume. As of now, the company has 499,096 Bitcoin and purchased them for an average of $ 66,357. However, he announced last week that he did not make any BTC purchases.
Markets and MSTR shares did not give what is expected
Microstrategy’s large -scale Bitcoin purchase plan did not create the expected impact on the market. After the announcement of MSTR shares, it lost more than 5 %and fell to $ 271. In the last month, the total decrease of the stock exceeded 14 %.
On the other hand, after the announcement of the Bitcoin price, it rose to $ 84,000 for a short time. However, the company’s BTC purchases from the counter (OTC) from the market limits the impact of directly withdrawing prices. Analysts say that large investors have turned this decline into an opportunity and purchased 22,000 BTC in the last 72 hours.
What’s next for Bitcoin and Microstategy?
Microstrategy’s Bitcoin investments are seen as a long -term bull signal in the market. However, in the short term, the decline in the stock and the reaction of the market concern investors.
As the company’s BTC purchases continue, Bitcoin may have a greater impact on price movements. In the coming days, both Microstrategy’s stock performance and the resistance levels that Bitcoin react will be closely monitored. Investors should analyze the market well while investing in mind by considering the turbulent market nowadays!
