Strategy, formerly MicroStrategy, has announced new plans to publicly offer its first perpetual euro-denominated shares (STRE). The new shares will be issued to raise capital for general corporate purposes, including the purchase of additional bitcoin. The move follows Strategy’s recent investment in an additional $45.6 million in bitcoin and signals the firm’s strong commitment to continuing its accumulation approach to the cryptocurrency.
Strategy is currently the largest corporate holder of Bitcoin in the world and is trying to maintain this position with its continuous purchases. To date, the company holds more than 641,000 Bitcoins, worth $68.52 billion. This new step by Strategy could have a significant impact on the Bitcoin market and investor sentiment.
