Will Strategy Be Forced To Sell Its $50B Bitcoin? Company Shares Game Plan
Strategy, a business intelligence company founded by Michael Saylor, has released new data outlining how its Bitcoin (BTC) position holds up under current market conditions. This disclosure raises the question of whether the company could ever be forced to sell its $54.59 billion in Bitcoin holdings. Its latest internal projections, shared publicly, highlight the firm’s […]
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Michael Saylor, co-founder and chairman of Strategy (formerly Microstrategy), is intensifying efforts to acquire Bitcoin (BTC) by tapping into capital markets, announcing plans to issue up to $21 billion in preferred stock. Strategy Plans Major Sale Of Preferred Shares According to Bloomberg, the new offering will consist of 8% series A perpetual-strike preferred shares, which are convertible into class A common stock. The company plans to sell these shares through an “at the market offering” program, allowing for flexibility in timing and pricing. This approach builds on a previous....
Michael Saylor, the chairman of Strategy (formerly MicroStrategy), the largest corporate Bitcoin (BTC) holding company, is intensifying his multibillion-dollar investment in BTC. In a recent report by Bloomberg, it was revealed that Saylor is increasing the yield on preferred shares, which he has designated as the primary funding source for the company going forward. Investor […]
Bandai Namco, a game development and publishing company, has announced its intention of creating its own metaverse to increase the engagement fans have with the brand. The strategy was announced during the reveal of its new mid-term plan, which outlines the roadmap of the company for the next three years. The company expects to spend 15 billion yen ($130 million) on this project.
Bandai Namco Seeks to Boost Engagement With Metaverse Project
Bandai Namco, one of the leading Japanese game development and publishing companies, is creating its own metaverse. The company announced the....
IT giant Intel is running an internal blockchain trial centered on a fantasy sports market. The proof of concept works by enabling the exchange of digitized assets that represent shares of different sports teams. Each contestant is given a set of shares, as well as a quantity of in-game currency called "mikels". Participants can then sell or trade the shares with the league or other players, with buyback offers for shares tied to the number of points scored by teams during games they win. At the end of the trial, the user with the most currency is declared the winner. The concept....
Kenyan Ministry of Communications and Information Technology minister Joe Mucheru is unable to sell his shares in BitPesa after the federal government imposed tightened regulations on virtual currency. Mucheru, former director of BitPesa and one of the company’s few shareholders, stated during an interview that Kenyan financial regulators forced financial institutions to shut down the bank accounts of prominent Bitcoin startups such as BitPesa. Such regulatory policies have disallowed shareholders like Mucheru to sell his stake of the company and have made it that much more difficult for....