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MicroStrategy has quadrupled its preferred offer to $ 2.8 billion to promote its BTC acquisition. Will the growing debts become a risk factor?
MicroSstratey is said to have increased its latest preferred eternal shares, Stretch (STRC), by $ 500 million to $ 2.8 billion.
This was a 4x extension of the first planAnd the proceeds will help the company to acquire more Bitcoin [BTC].
According to a Bloomberg reportMajor players such as Morgan Stanley and Barclays had already shown interest in the new supply supply, which underlines the aggressive capital increase method of the company to meet his BTC vision.
BTC bet of the strategy
Strategy is the pioneer in BTC Corporate Treasury with 607,770 BTC worth more than $ 70 billion based on current market prices.
It started his BTC acquisition in 2020 and has increased its stock through stock sales and debt issue.
The newest rural STRC shares joined Stride (STR), Stark (STRK) and Strife (STRF), and the most important share of MSTR, as part of the capital -dependent arm of the company on the stock of share issue.
Michael Saylor, founder of the company, to call to action She the ‘BTC Defense Minister’.
In the field of debts, strategy has also actively issued convertible bonds to stimulate its BTC vision. From March 2025, the company had more than $ 8 billion in total debt, and about half ($ 3.65 billion) will grow up in mid -2028.
But critics have warned that excessive leverage for BTC could increase the risk exposure to the crypto and trandfi sectors.
To prevent or minimize the impact of such a scenario, especially in the midst of BTC Treasury Frenzy, Jake Chervinsky, Legal Chief at Variant Fund, insisted The players to be prepared for approaching risks.
“The last thing that Crypto needs is a bunch of bad risk managers who blew up and are liquidated in traditional stock markets.”
Alex Thorn of Galaxy Research, however, has rejected such fear of guilt as an exaggeration, at the moment, entry That the risk can become crucial in 2028 (first maturity period).
Meanwhile, MSST analyst Jeff Walton greet The reinforced Strc offer, adding that around 25k BTC will be purchased in the next 10 days.
From the moment of the press, MSTR was appreciated at $ 405, by 12% decrease compared to the recent peak of $ 457.22. This followed on the recent BTC sinking up to $ 115k. But from the April low point, the share rose by 72%.
Source: MSTR, TradingView