- Saylor Eyes $ 21 billion capital increase due to the sale of Strk Preferred Stock.
- The non -realized profit from the strategy on the BTC stock has fallen from $ 20 billion to $ 7 billion.
Michael Saylor announced a daring plan for strategy (formerly micro strategy) to sell $ 21 billion preferred stock issue (STRK) for Bitcoin purchases and business activities. In an X post on March 10, Saylor said”
“Strategy announces $ 21 billion $ Strk AT-the-Market Program $ mstr.”
The pioneer in BTC Corporate Strategy has bought aggressively Bitcoin [BTC] by issuing and debts of shares (convertible comments).
For share issue, the company uses its common MSTR and preference STRK shares to attract capital for BTC investments.
That said, the BTC company can create a relative discount after a recent retracement if the last capital increase is reached.
From the beginning of March 2025, strategy had 499,096 BTC, worth $ 40 billion at current prices and 2.3% control of the total offer.
Saylor’s BTC plan calls mixed responses
However, note that the BTC recording in Q1 2025 has reduced the non -realized profit of the strategy by 3 times. At the height of February, when BTC jumped to $ 109k, the non -realized profit of the strategy reached nearly $ 20 billion.
At the time of the press, the profit has shrunk to $ 7.2 billion, but the company remains Bullish for the long term.
Source: Cryptuquant
For his part, Peter Schiff tried the capacity of the strategy to increase such a huge amount, given Gedempte BTC price promotion. Dash reproduction”
‘I don’t think you can get this done. Soon $ mstr will act with a discount on his Bitcoin Holdings. This means that selling these shares will yield a negative Bitcoin yield. “
However, Jesse Myers, co-founder of Onstramp Bitcoin, claimed that STRK shares issue strategy could offer an efficient capital increase of the bond market. He said”
“$ 21b can only be the start for this STRK” ATM program “. Congratulations against Saylor and Shirish Jajodia for creating an even more efficient vehicle for converting SOV capital into Bitcoin -monetary energy.”
In the field of price performance, MSTR 56% had fallen to the last American election level of $ 240, a trend observed in most American shares.
In the same period, BTC fell by around 30%, with analysts and noted that it is a standard pullback for the cryptocurrency during Bull Runs.
Source: MSTR vs. BTC Performance, TradingView
In the meantime, BTC fell below $ 80k, but was above the level above the most important American economic data. Whether BTC reverses the Q1 losses and will offer a help recovery for MSTR is still to be seen.