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Strategy Doubles Down on Bitcoin with STRD Offering and IPO Cash Grab
Strategy Doubles Down on Bitcoin with STRD Offering and IPO Cash Grab
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Another day, another crypto firm turning to public markets to fuel its Bitcoin addiction. Strategy just announced a dual-pronged capital raise—launching a STRD token offering while filing for an IPO. Because why choose one bag-holding opportunity when you can have two?
The move comes as Bitcoin flirts with new highs, proving once again that nothing pumps a crypto company’s valuation like good old-fashioned FOMO. The IPO proceeds? Reportedly earmarked for more BTC purchases—a bold strategy that assumes the market won’t notice they’re basically creating a Bitcoin ETF with extra steps.
Wall Street analysts were seen simultaneously facepalming and drafting buy recommendations.
Strategy, (formerly MicroStrategy), is stepping forward with another huge move, in its Bitcoin plan. The organisation has announced a fundraising framework to raise an $250 million through offering a new class of stock STRD (10% Series A Perpet... Read More
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