Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Michael Saylor, Bitcoin permabull and cofounder of Bitcoin treasury company Strategy, has noted the BTC price surge that has been taking place over the past few hours, and he made that the topic of his daily BTC tweet.
Once again, Saylor has posted a Bitcoin-themed AI-generated image featuring himself. This time, Saylor is sitting in a 19th-century train, dressed in matching clothes, with a pocket watch in his hand. The train is about to leave the station. The caption to the image addresses the crypto community: “All aboard the Bitcoin Express.”
That tweet was published as the world’s pioneer crypto, Bitcoin, has surged to the $109,500 level, leaving behind $108,680. Currently, BTC is changing hands at $109,460 per coin.
Strategy issues $4.2 billion Bitcoin offer
Earlier this week, Michael Saylor published a press release, saying that his Bitcoin-focused company, Strategy, is making a $4.2 billion offering to investors — an STRD At-The-Market (ATM) Program.
The document says that the company intends to issue 10% Series A Perpetual Stride Preferred Stock and sell them at $0.001 per share. An aggregate offering price is estimated to be up to $4.2 billion.
The proceeds from this fundraising initiative will be used to accumulate more Bitcoin. Currently, the firm holds 597,325 BTC valued at $65,341,560,947.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team