Saylor: Strategy Can Raise Up to $30B for Bitcoin Without Selling Common Stock
MSTR sits 62% above its 52-week low of $81.81.
Summary
On the Q3 earnings call, Michael Saylor said Strategy can raise as much as $30 billion through preferred stock and other means to buy more Bitcoin — without issuing additional common shares or counting on Bitcoin's price to rise. CEO Phong Le said preferred stock (STRC) becomes the main funding tool; raising $1B-$2B a month there would let the company keep part of the proceeds in dollar reserves and put the rest into Bitcoin. That matters because it shifts the dilution risk away from common equity, the main gripe against the ATM model. Strategy's digital credit stands at about $16B notional across ten listed securities, and Le set a goal of doubling bitcoin per share in seven years. The company held 848,517 Bitcoin as of October 25, up 26% this year, and just reported about $19.53 billion of Q3 net income driven by a $20.91 billion digital-asset mark-up. Watch the monthly STRC issuance pace as the real test of whether the $30B capacity gets used.
Updated with a CryptoProwl report · What changed
Updates
· CryptoProwl — Strategy's digital credit stands at about $16B notional across ten listed securities; CEO Phong Le set a goal of doubling bitcoin per share in seven years.
At the time of this announcement, MSTR was trading at $132.18 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $59.8B. The 52-week trading range was $81.81 to $286.18. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Bloomingbit.