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News Michael Saylor’s Strategy plans to offer 5M shares to buy more Bitcoin |
Posted by: Team - 03-19-2025, 09:12 AM - Forum: My Forum
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News Michael Saylor’s Strategy plans to offer 5M shares to buy more Bitcoin
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTEvMDE5MzQ2ZDUtMGZhNi03NDRkLWJlMWItM2JhM2M4NmFjYmU5.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTEvMDE5MzQ2ZDUtMGZhNi03NDRkLWJlMWItM2JhM2M4NmFjYmU5.jpg" alt="Michael Saylor’s Strategy plans to offer 5M shares to buy more Bitcoin"></p><p>Business intelligence firm and Bitcoin investor Strategy plans to offer 5 million shares of the company’s Series A Perpetual Strife Preferred Stock and use the proceeds to purchase more Bitcoin. <p>In an announcement, the company <a data-ct-non-breakable="null" href="https://www.sec.gov/Archives/edgar/data/1050446/000119312525056203/d888756dex991.htm" rel="null" target="null" text="null" title="null">said</a> it intends to use the proceeds for general purposes. This includes its working capital and “acquisition of Bitcoin.” However, the company said this is still subject to market and other conditions. </p><p>According to Strategy, the stock will accumulate cumulative dividends at 10% annually. The company also noted that stockholders would receive dividends on the stock quarterly, starting on June 30, 2025. </p><p>Strategy said it could buy back all of this stock for cash if the total number of shares left in the market drops below 25% of the issued amount. </p><template data-ct-widget="buzzsprout" data-buzzsprout-podcast-id="2274877" data-buzzsprout-episode-id="16531981"></template><h2>Strategy makes smallest Bitcoin purchase on record</h2><p>The announcement follows the company’s <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/michael-saylor-strategy-records-smallest-bitcoin-purchase" rel="null" target="null" text="null" title="null">smallest known Bitcoin purchase</a>. On March 17, the company announced that it purchased 130 Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) for $10.7 million in cash, at an average price of about $82,981 per BTC.</p><p>The most recent BTC buy is the company’s smallest amount since its <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/worlds-biggest-business-intelligence-firm-buys-21k-btc-for-250m" rel="null" target="null" text="null" title="null">first Bitcoin investment</a> in August 2020. Before the latest purchase, the least amount of BTC bought by Strategy was a 169-Bitcoin purchase made in August 2024. </p><p>Strategy’s smallest BTC purchase comes amid sentiments that the Bitcoin bull cycle is over. On March 18, CryptoQuant founder and CEO Ki Young Ju said the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-bull-run-over-cryptoquant-ceo-sparking-debate" rel="null" target="null" text="null" title="null">bull cycle is over</a> and that he’s expecting 6 to 12 months of bearish or sideways price action. </p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/strategy-bitcoin-stash-up-7-billion-500k-btc-holdings" rel="null" target="null" text="null" title="null"><em><strong>Strategy’s Bitcoin stash still up over $7B despite market downturn</strong></em></a></p><h2>Strategy’s Bitcoin holdings near 500,000</h2><p>Since its first Bitcoin investment, the company and its subsidiaries have accumulated 499,226 BTC at an aggregate purchase price of $33.1 billion. The coins were bought at an average price of $66,360 per BTC, including fees and expenses.</p><p>If the company buys 774 BTC (about $64 million), its total holdings will reach 500,000. This would be 2.38% of the entire Bitcoin supply. </p><p>The company remains the largest corporate Bitcoin holder in the world and is still up by over $8 billion on its BTC investments despite the recent market downturn. At the time of writing, Strategy’s BTC holdings are worth about $41.1 billion. </p><iframe width="100%" height="315" src="https://www.youtube.com/embed/6UnogdVQWrE?start=" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen loading="lazy"></iframe><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/crypto-fans-obsessed-longevity-biohacking-why/" rel="null" target="null" text="null" title="null"><em><strong>Crypto fans are obsessed with longevity and biohacking: Here’s why</strong></em></a></p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template></p>
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https://cointelegraph.com/news/michael-s...er_inbound
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News Here’s what happened in crypto today |
Posted by: Team - 03-18-2025, 05:45 PM - Forum: My Forum
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News Here’s what happened in crypto today
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDEvMDE5NDgzZjctMTdlYS03OTc0LWJlNzMtNjYxYzdjZDE1N2M3.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDEvMDE5NDgzZjctMTdlYS03OTc0LWJlNzMtNjYxYzdjZDE1N2M3.jpg" alt="Here’s what happened in crypto today"></p><p>Today in crypto, Donald Trump’s SEC Chair pick Paul Atkins’ confirmation hearing is reportedly set for March 27, Robinhood launched a prediction markets betting platform, and France temporarily lifted restrictions on Telegram founder Pavel Durov until April 7.<h2>Paul Atkins hearing for SEC chair set for March 27 after delays</h2><p>A confirmation hearing for Paul Atkins, US President Donald Trump’s pick to chair the Securities and Exchange Commission, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trumps-sec-chair-paul-atkins-senate-committee-hearing" rel="" target="_self" text="null" title="https://cointelegraph.com/news/trumps-sec-chair-paul-atkins-senate-committee-hearing">is slated for March 27 after many delays</a>, according to Semafor’s Eleanor Mueller.</p><p>Trump had nominated Atkins to lead the SEC on Dec. 4, but Atkins’ marriage into a billionaire family caused issues with financial disclosures and delayed his start date.</p><p>It isn’t clear whether the White House has produced those papers to the Senate, but Mueller said the slated hearing date “is the most momentum we’ve seen so far.”</p><figure><img alt="Security, Betting, Banks, South Korea, United States, Predictions, Robinhood, Bitcoin Reserve" src="https://s3.cointelegraph.com/uploads/2025-03/0195a66f-9e57-7308-a054-1f57ca7a109c" title=""><figcaption style="text-align: center;"><p><em>Source: </em><a data-ct-non-breakable="null" href="https://x.com/Eleanor_Mueller/status/1901714958108291193" rel="null" target="null" text="null" title="null"><em>Eleanor Mueller</em></a></p></figcaption></figure><p>Atkins married his wife Sarah Humphreys Atkins in 1990, whose family has ties to TAMKO Building Products LLC, a manufacturer of residential roofing shingles that reportedly turned over $1.2 billion in revenue in 2023.</p><p>Mueller said one former Senate Banking Committee staffer told her earlier this month that as Atkins “got named so early on […] people are starting to be like, ‘What the hell’s taking so long?’” </p><h2>Robinhood shares up 8% after launching betting markets hub</h2><p>Robinhood <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/robinhood-launches-betting-markets-hub" rel="" target="_self" text="null" title="https://cointelegraph.com/news/robinhood-launches-betting-markets-hub">has launched a betting markets hub</a> as the online brokerage — best known for stock trading — expands its presence in emergent asset classes, including cryptocurrencies and event contracts, according to a March 17 announcement. </p><p>Robinhood’s stock, HOOD, rose roughly 8% on the Nasdaq after the announcement, according to data from Google Finance.</p><p>The new betting feature will let users “trade contracts for what the upper bound of the target fed funds rate will be in May, as well as the upcoming men’s and women’s College Basketball Tournaments,” it <a data-ct-non-breakable="null" href="https://newsroom.aboutrobinhood.com/robinhood-prediction-markets-hub/" rel="null" target="null" text="null" title="null">said</a>. </p><p>The online brokerage is tapping Kalshi, the US’ first CFTC-regulated prediction platform, to operate the event contract platform, it said. </p><p>Kalshi is already registered to list dozens of event contracts, covering outcomes ranging from election results to Rotten Tomatoes movie ratings.</p><p>Prediction markets have become increasingly popular in the US since September 2024, when Kalshi prevailed in a lawsuit challenging a CFTC decision to bar it from listing political event contracts.</p><p>By November, trading volumes across popular prediction markets neared $4 billion for <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/betting-volumes-near-4-billion-us-election-day" rel="null" target="null" text="null" title="null">contracts tied to the US elections</a>.</p><figure><img alt="Security, Banks, South Korea, United States, Libra, Quantum Computing, Memecoin, Bitcoin Reserve" src="https://s3.cointelegraph.com/uploads/2025-03/0195a555-b22b-7039-88bb-e315ccc06ce7" title=""><figcaption style="text-align: center;"><p><em>HOOD’s intraday performance on the Nasdaq on March 17. Source: </em><a data-ct-non-breakable="null" href="https://www.google.com/finance/quote/HOOD:NASDAQ?sa=X&ved=2ahUKEwjLuJyV3ZGMAxVoSDABHZVTHG0Q3ecFegQIOBAf" rel="null" target="null" text="null" title="https://www.google.com/finance/quote/HOOD:NASDAQ?sa=X&ved=2ahUKEwjLuJyV3ZGMAxVoSDABHZVTHG0Q3ecFegQIOBAf"><em>Google Finance</em></a></p></figcaption></figure><h2>Pavel Durov legal restrictions suspended until April 7: Report</h2><p>Media platform TASS reported that <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/telegram-founder-pavel-durov-reached-dubai-legal-obligations" rel="null" target="null" text="null" title="null">French authorities have suspended judicial control of Durov for three weeks</a>. Citing sources in the French prosecutor’s office, media outlet TASS reported that the agency’s interlocutor said judicial control in relation to Durov was suspended from March 15 to April 7. </p><p>Parallely, the Telegram founder posted an update on the messaging application, saying he was already back in Dubai after spending months in France. Durov said the process is still ongoing but added that it “feels great to be home.”</p><figure><img src="https://s3.cointelegraph.com/uploads/2025-03/0195a44c-bf9f-7d0c-a935-5c861c107dd8" title="" alt="Here’s what happened in crypto today"><figcaption style="text-align: center;"><p><em>Pavel Durov shared a post on Telegram after returning to Dubai. Source: Pavel Durov</em></p></figcaption></figure><p>In his post, Durov thanked the judges for allowing him to return to Dubai.</p><template data-name="subscription_form" data-type="defi_newsletter" label="Subscription Form: DeFi Newsletter"></template></p>
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https://cointelegraph.com/news/what-happ...er_inbound
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