Strategy used $300 million of MSTR dilution to backstop its Bitcoin’s biggest buying machine
Strategy (previously MicroStrategy) raised $335.5 million by promoting widespread inventory final week, then positioned nearly 90% of the proceeds into money reasonably than Bitcoin as the corporate moved to shore up the popular securities financing its cryptocurrency purchases. The firm offered about 2.71 million MSTR shares between June 15 and June 21 and added $300…
